Intel partners with Apollo in $11bn JV for semiconductor production
Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) have recently announced a definitive agreement in which Apollo-managed funds and affiliates will invest $11 billion to acquire a 49% equity stake in a new joint venture (JV) entity related to Intel’s Fab 34. This collaboration marks Intel’s second engagement in the Semiconductor Co-Investment Program (SCIP), enhancing […]