Intel will spend $14.2 billion to repurchase the 49% stake in its Ireland manufacturing facility that it previously sold to Apollo Global Management, regaining full ownership of the site.
The stake was originally sold in 2024 for $11.2 billion as part of a joint venture, providing Intel with liquidity during a period of financial pressure and heavy investment in global manufacturing expansion.
The facility, located in Leixlip near Dublin, is a key production site known as Fab 34. It manufactures advanced chips using Intel 4 and Intel 3 process technologies, including Core Ultra processors for personal computers and Xeon processors for data centers.
Intel’s decision to buy back the stake reflects improved financial conditions and renewed demand driven by artificial intelligence workloads. The company has been restructuring under CEO Lip-Bu Tan, focusing on cost discipline, asset optimization and regaining competitiveness in the semiconductor market.
The transaction will be funded through a combination of available cash and approximately $6.5 billion in new debt. Intel expects the move to enhance profitability and strengthen its credit profile starting in 2027.
The development also signals Intel’s strategic shift toward consolidating control over critical manufacturing assets as it ramps up next-generation technologies such as its 18A process node, which may eventually be offered to external clients.
Following the announcement, Intel shares rose more than 10%, reflecting investor confidence in the company’s turnaround strategy.