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.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
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...
Dec 23, 2023 2:19 AM - Parth Sanghvi
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...