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

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.

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.

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.

Intel to Acquire Silicon Mobility SAS

January 11, 2024

IT Services

Intel announced it has reached an agreement to acquire Silicon Mobility SAS, a fabless silicon and software company focused on EV energy-management SoCs. The acquisition is intended to extend Intel’s reach from high-performance computing into intelligent, programmable power devices for software-defined vehicles, subject to necessary approvals.

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.

Gainline Capital Partners Invests in IMS Technology Services

January 15, 2025

Professional Services

Gainline Capital Partners, a Stamford-based private equity firm, announced a partnership investment in IMS Technology Services, a Garnet Valley, Pennsylvania audiovisual event staging, systems integration and managed services provider. The investment will support IMS's growth plans to expand offerings and geographic footprint while maintaining company culture and customer service.