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Intel agrees $14bn deal with Apollo to regain control of Irish chip plant
Intel has agreed to a $14 billion transaction with Apollo Global Management to reacquire a majority stake in its Irish semiconductor manufacturing facility, which the company had sold two years prior to stabilize its financial position. The deal represents a significant strategic reversal and substantial capital commitment as Intel seeks to rebuild its manufacturing capacity and reduce dependence on external partners. The transaction underscores both Intel's improved financial condition and the strategic importance of maintaining control over advanced chip production assets amid ongoing geopolitical competition in semiconductors.