Intel Repurchases Apollo’s 49% Stake in Ireland Fab 34 for $14.2 Billion

Apollo-Managed Funds Acquire 49% of Intel’s Fab 34 JV in Leixlip, Ireland for $11 Billion

June 5, 2024

Manufacturing

Apollo-managed funds and affiliates will invest $11 billion to acquire a 49% equity interest in a joint venture entity related to Intel’s Fab 34 in Leixlip, Ireland. Intel will retain 51% controlling interest, along with full ownership and operational control of Fab 34 and its assets, while the JV provides manufacturing wafer capacity on a cost-plus-margin basis.

Apollo Funds to Acquire Arconic in $5.2B All-Cash Deal

May 4, 2023

Manufacturing

Arconic Corporation entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management in an all-cash transaction valued at approximately $5.2 billion. The deal includes a minority investment from funds managed by affiliates of Irenic Capital Management, and Arconic shareholders will receive $30.00 per share.

Intel to Sell 10% Stake in IMS Nanofabrication to TSMC for $430 Million

September 12, 2023

IT Services

Intel agreed to sell a 10% minority stake in its IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Company (TSMC) in a deal valued at about $430 million. The investment values IMS at roughly $4.3 billion, with Intel retaining majority ownership as IMS continues operating as a standalone subsidiary under CEO Dr. Elmar Platzgummer.

Intel Enters Semiconductor Co-Investment with Brookfield Infrastructure for Up to $30B Arizona Manufacturing Expansion

August 26, 2022

Manufacturing

Intel and Brookfield Infrastructure (an infrastructure affiliate of Brookfield Asset Management) signed a definitive agreement to co-invest in Intel’s Ocotillo campus manufacturing expansion in Chandler, Arizona. The parties will jointly invest up to $30 billion, with Intel funding 51% and Brookfield funding 49%, while Intel retains majority ownership and operating control of the new leading-edge chip factories. The transaction is expected to close by the end of 2022, subject to customary closing conditions.

Intel Acquires Tower Semiconductor for $5.4 Billion

February 15, 2022

IT Services

Intel has signed a definitive agreement to acquire Tower Semiconductor for $53 per share in cash, valuing the deal at approximately $5.4 billion. The acquisition advances Intel’s IDM 2.0 strategy by combining Intel Foundry Services’ leading-edge capacity with Tower’s specialty analog technologies and customer-first foundry footprint.

Bain Capital Special Situations Takes ~20% Stake in IMS Nanofabrication from Intel

June 21, 2023

Manufacturing

Bain Capital Special Situations agreed to acquire an approximately 20% minority stake in IMS Nanofabrication GmbH from Intel in a deal that values IMS at about $4.3 billion. The investment (expected to close in Q3 2023) will leave IMS operating as a standalone subsidiary led by CEO Dr. Elmar Platzgummer and is intended to accelerate the company's technology innovation and market expansion in multi-beam mask writing for advanced semiconductor nodes.