Intel closes $11B sale of 49% stake in Ireland Fab 34 to Apollo affiliate

INTEL CORP

Closing occurred June 12, 2024; Apollo affiliate acquired 49% non-controlling interest.
Intel retains 51% ownership of JV Company holding Fab 34.
Transaction valued at approximately $11 billion; proceeds used for general corporate purposes.
Fab 34 in Leixlip, Ireland produces wafers using Intel 4 and Intel 3 process technologies.
Previously disclosed on June 4, 2024; conditions satisfied prior to closing.

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