secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000050863-24-000110
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000110/0000050863-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000110/intc-20240612.htm
  HTML page:      https://secwatch.observer/filing/0000050863-24-000110

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