Intel to Repurchase Irish Plant Stake for $14 Billion

Intel will repurchase a 49% stake in its Irish Fab 34 plant held by a US-based investment company for $14.2 billion. The deal would bring the facility back under full ownership of the chipmaker. The transaction will be funded with cash on hand and about $6.5 billion in new debt.

Apollo Global Management invested $11.2 billion in 2024, which led to a joint venture between the two. Intel stated the arrangement gave it financial flexibility to accelerate advanced manufacturing processes in Europe and the US. The chipmaker explained the buyback reflects a stronger balance sheet, improved financial discipline, and confidence in its long-term strategy as demand for CPUs grows in the AI era. It explained Fab 34 is a key producer of Intel Core Ultra, Xeon 6 processors, and other items using its Intel 3 and 4 production technologies.

After taking over as CEO in March 2025, Lip-Bu Tan reduced the company’s headcount and operational and capital expenses as part of a turnaround plan. In August 2025, the US government and President Donald Trump struck a deal for a 10% equity stake in Intel, after the president previously demanded that Tan resign. The company’s bottom line was also boosted by a $5 billion investment by Nvidia for a 4% stake.