Thursday, May 30, 2024

Intel needs $2 Billion for New Ireland fab — courting three venture capital firms for continued expansion

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According to a Bloomberg report, Apollo Global Management, KKR & Co., and Stonepeak are considering a joint venture to fund Intel’s semiconductor production operations in Ireland. If the parties agree, the asset management firms will establish a joint venture, invest money in Intel’s fab near Leixlip, Ireland, and own a stake in that facility.

In February, it was reported that Intel sought $2 billion to fund its chip production operations in Leixlip, Ireland. According to the report, Intel has appointed an advisor to attract potential investors for this project. The report cites two knowledgeable sources about the matter. The deal is not finalized, and the information comes from unofficial sources, so it should be taken with a grain of salt.

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