FMP
Jun 5, 2024 5:03 PM - Davit Kirakosyan
Intel Corporation (NASDAQ:INTC) and Apollo (NYSE:APO) have announced a significant partnership, resulting in both companies' stock prices rising by nearly 2% intra-day today. Apollo is set to invest $11 billion to acquire a 49% equity stake in a joint venture linked to Intel's cutting-edge semiconductor manufacturing plant, Fab 34, in Leixlip, Ireland.
This investment is a key part of Intel's second Semiconductor Co-Investment Program (SCIP), which is an integral component of Intel's Smart Capital strategy. This strategy focuses on enhancing financial flexibility and accelerating the company's strategic goals.
Fab 34 specializes in high-volume production using Intel 4 and Intel 3 process technologies. To date, Intel has poured $18.4 billion into this facility. The new partnership allows Intel to redirect a portion of this investment into other areas of its business while continuing to advance Fab 34's development.
The joint venture grants the right to manufacture wafers at Fab 34, ensuring a steady supply for Intel's products and providing additional capacity for Intel’s foundry customers.
Intel will maintain a 51% controlling interest, preserving full ownership and operational control over Fab 34 and its assets.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...