Intel to Buy Remaining 49% of Fab 34 for $14.2B

Intel Corporation agreed to acquire the remaining 49% stake in the Fab 34 semiconductor fabrication facility in Ireland from Apollo Global Management for $14.2 billion. The transaction gives Intel full ownership of Fab 34.

Fab 34 is a semiconductor manufacturing asset, and the deal is structured as an acquisition of the remaining interest rather than a new build. The agreement is described as definitive.