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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Intel buys back 49% stake in Ireland Fab Joint Venture — takes full control over Fab 34

Intel Corporation Apollo Ireland Intel Foundry TSMC
Intel.

Intel and Apollo on Wednesday said that they signed an agreement under which Intel would repurchase a 49% stake in the Ireland Fab 34 joint venture it sold in 2024 for $14.2 billion. Under the terms of the agreement, Intel will regain full control over its fab, which will positively impact margins of Intel Foundry, whereas Apollo will get a $3 billion premium over the original transaction.

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(Image credit: tsmc)
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