Intel and Apollo in talks for $11bn chip plant

Financial Times May 13, 2024, 08:00 PM UTC

Summary: Intel is in exclusive talks with Apollo Global to finance an $11bn chipmaking plant in Ireland, shifting supply chains to Western Europe and North America. The US government is providing nearly $20bn to boost chip production. Intel's CEO aims to regain leadership in chip design. Apollo plans to originate over $200bn in debt annually, focusing on infrastructure projects like semiconductors. Ireland's government has not commented on the talks.

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