Intel in Talks for $11 Billion Deal with Apollo in Ireland

Intel is reportedly in discussions with Apollo Global Management for an $11 billion deal in Ireland, aiming to expand its global footprint. Although neither party has confirmed the talks, sources suggest that an agreement could materialize in the coming weeks.

This initiative forms part of Intel’s broader strategy to invest $100 billion across four countries, primarily to bolster its manufacturing capabilities and compete with chip-making giant TSMC. The tech giant had previously announced plans to establish chip factories in Ireland and France in 2022, leveraging European Commission funds and subsidies.

However, Intel faces challenges as the demand for traditional data center and personal computing chips weakens due to the rising popularity of AI components. As a result, the company anticipates lower revenue and profit for the second quarter compared to previous forecasts.

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