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Apollo, others consider investing in Intel joint venture: report [Seeking Alpha]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Intel ( NASDAQ: INTC ) to help fund the semiconductor giant's fab in Ireland, Bloomberg reported. The trio could raise several billion dollars for the upcoming plant, the news outlet reported , citing people with knowledge of the matter. Santa Clara, Calif.-based Intel did not immediately respond to a request for comment from Seeking Alpha. It was reported in February that Intel was looking for a partner to provide at least $2B in equity for the Ireland facility. The Pat Gelsinger-led company is working with an adviser to solicit interest in the plant. Intel signed a deal with Brookfield Infrastructure Partners ( BIP BAM ) in August 2022 worth up to $30B to help pay for its factory expansion plans. Intel shares fell nearly 10% on Friday amid weaker-than-expected guidance that led to much frustration amongst Wall Street firms. Recommended For You More Trending News Recommended For You More Trending News
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