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Wajeeh Khan

Intel Jumps 9% on Repurchase of Ireland Fab. Should You Buy INTC Stock Here?

INTC Intel Corporation Northland Ireland

Intel (INTC) stock is pushing higher on April 1 after the semiconductor firm said it’s repurchasing Apollo Global Management’s 49% stake in the Fab 34 joint venture in Ireland for $14.2 billion. The announcement signals a meaningful shift in INTC’s capital allocation strategy as it regains full control of its leading-edge European manufacturing hub. 

Intel stock nonetheless has yet to reclaim its year-to-date high of about $54 in late January. 

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