Apollo Global Management acquires 49 pc stake in Intel's Ireland Fab 34 venture for $11 billion
Apollo Global Management announced that it will invest $11 billion to acquire a 49 per cent stake in Intel's joint venture, Fab 34, located in Leixlip, Ireland. The facility is the first high-volume manufacturing site for Intel to employ extreme ultraviolet (EUV) lithography machines in the Intel 4 manufacturing process.