Intel: Fully buys back Fab 34 for 14.2 billion USD. Confidence in AI-based growth initiates the chart breakout!
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US model portfolio stock Intel (i) puts an exclamation mark behind its turnaround story. The chip manufacturer announced that it will buy back the 49% stake of Apollo Global Management in the joint venture of the factory in Ireland for approximately 14.2 billion USD. What began in 2024 as a necessary financing instrument (11.2 billion USD investment by Apollo) to support the balance sheet during an investment phase is now being prematurely resolved. Fab 34 is a backbone for AI demand The "Fab 34" in Ireland is no ordinary facility. It is at...
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