September 23, 2024 – According to Bloomberg, asset management company Apollo is considering a potential equity investment in Intel, with a maximum amount reaching 5billion.Thisinvestment,whichequatestoapproximately5.493.19 billion, reflects Apollo’s confidence in Intel’s strategic transformation plan.
However, informed sources have indicated that Intel executives are still weighing Apollo’s proposal, and no final decision has been made. Not only is the potential investment size subject to change, but there also exists a possibility that the investment negotiations themselves could collapse, resulting in no agreement being reached.
Previously, on June 4th of this year, Intel and Apollo entered into a $11 billion “Smart Capital” strategic transaction agreement. Under this agreement, Intel sold a 49% stake in its Fab 34 wafer fabrication plant in Leixlip, Ireland, to funds and affiliated companies under Apollo.
Despite this, Intel still retains a 51% share in the joint venture wafer fabrication enterprise with Apollo, maintaining ownership and operational control of the Fab 34 plant and its assets. Additionally, Intel will purchase a minimum specified quantity of wafers from the joint venture at a cost-plus-profit basis.
On the 21st of this month, the Wall Street Journal reported that Qualcomm is interested in acquiring Intel. However, Intel China responded by stating, “We do not comment on rumors.”
In another report by Bloomberg, it was mentioned that Broadcom had also previously evaluated the possibility of acquiring Intel but is not currently considering such a plan.
