The repurchase will be funded through a mix of cash and $6.5 billion in new debt issuances, giving full ownership of the manufacturing facility again.
The Intel logo is displayed outside the Intel headquarters in Santa Clara, Calif., on July 26, 2025. Gary Wang/The Epoch Times
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Santa Clara-based chip manufacturer Intel has agreed to buy back Apollo’s 49 percent stake in Intel’s Fab 34 chip manufacturing facility in Ireland for $14.2 billion on Wednesday.
This comes after Apollo led an $11.2 billion investment to acquire the equity through a joint venture entity in 2024.
