FMP

FMP

Enter

Intel Corporation (NASDAQ:INTC) and Apollo (NYSE:APO) have announced a significant partnership, resulting in both companies' stock prices rising by nearly 2% in

Intel and Apollo Partner on $11 Billion Investment in Fab 34

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

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.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep