Intel Fully Buys Back Fab 34 for $14.2 Billion. Confidence in AI-Based Growth Initiates the Chart Breakout!
Reading Time: 2 minutes
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. What began in 2024 as a necessary financing instrument ($11.2 billion 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 the...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
