Intel will buy the remaining portion of its Irish plant Fab 34 for $14.2 billion.

Intel announced the acquisition of 49% of Fab 34 shares

* Deal amount: $14.2 billion

* Target: the Irish manufacturing center Fab 34, previously owned by Apollo Global Management.

* Purpose: to gain full control over the site amid rising demand for processors and strengthening the company’s financial position.

Brief history
Year Event Amount
2024 Apollo bought 49% of Fab 34 for $11.2 billion
This purchase provided Intel with the necessary capital infusion to expand production in Europe and the United States.

Since then, key changes have occurred: a new CEO has taken over, and the current head, Lip‑Bu Tan, is actively restructuring toward financial health.

Financial metrics
* Investments: In recent months Intel received billions from Nvidia and U.S. government funds (the largest shareholder).

* Key comment: The stock market valued the company’s new positions – shares rose 6% at the start of today’s trading.

* CFO David Zinsner emphasized: “We have a stronger balance sheet, improved discipline, and a developed business strategy.”

Fab 34 technology profile
* Produces chips using Intel 4 and Intel 3 technologies.

* Includes Core Ultra processors for PCs and Xeon for servers.

* The first large-scale Intel facility to use extreme‑ultraviolet (EUV) lithography.

Future plan
1. 18A implementation: Intel is focused on the new 18 nm process.

2. External supply: After internal “rollout,” products made with 18A will be offered outside the company.

3. Buyback financing:

* Own funds – part of the amount.

* Borrowed financing – about $6.5 billion.

Expected outcomes
* Increased profitability and a stronger credit profile for the company.

* Full control over Fab 34 will allow Intel to respond more flexibly to market demands and accelerate new chip releases.