---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-24-000103"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:38:36.076176+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Intel sells 49% stake in Fab 34 JV to Apollo for $11B, retains control

## Summary
- Apollo funds acquire 49% equity in JV entity for $11 billion; Intel holds 51% controlling interest.
- Fab 34 in Leixlip, Ireland, uses Intel 4 and Intel 3 process; high-volume manufacturing began Sept 2023.
- Intel will consolidate JV results; non-controlling interest income limited in first two years.
- Transaction expected to close in Q2 2024; provides financial flexibility at cost below equity.
- Intel retains full ownership and operational control of Fab 34 assets; second SCIP arrangement.

## SEC filing metadata
- accession: 0000050863-24-000103
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086324000103/0000050863-24-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086324000103/intc-20240604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-24-000103
- JSON: https://secwatch.observer/filing/0000050863-24-000103.json
- Plain text: https://secwatch.observer/filing/0000050863-24-000103.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.