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      Intel Acquires Full Control of Fab 34 Chip Plant in Ireland

      Intel Corporation's shares rose by 3.6% during morning trading following the announcement of a significant transaction involving its Fab 34 chip manufacturing facility in Ireland. The company has agreed to repurchase a 49% stake held by Apollo Global Management for $14.2 billion.

      This acquisition enables Intel to regain complete control over the Fab 34 plant, which is crucial for the production of advanced processors. The move is seen as a strategic effort to strengthen Intel's manufacturing capabilities and enhance its position in the competitive semiconductor market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud