Intel repurchases Apollo's 49% stake in Fab 34 JV for $14.2B, regains full ownership

INTEL CORP

Intel paid $14.2B using cash on hand and a $6.5B bridge loan (to be refinanced) to buy Apollo's 49% interest in the Fab 34 joint venture.
Transaction closed April 8, 2026; JV was formed June 2024 when Apollo acquired its 49% stake for undisclosed terms.
Intel now owns 100% of Fab 34 in Ireland; expects to terminate ancillary agreements and wind up the joint venture.

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