Apollo eyes $5 billion stake in Intel

Besides Apollo, Qualcomm is also in talks for a possible acquisition of Intel, signalling major shifts in the semiconductor industry.
US awards Intel $7.86 billion to expand domestic semiconductor manufacturing, advancing economic growth and national security.

Apollo Global Management is considering a significant investment of up to $5 billion in Intel, according to a report by Bloomberg News. The offer comes at a challenging time for Intel, as its share value has plummeted nearly 60% since the beginning of the year. Discussions regarding this potential investment are still in preliminary stages, with Intel executives currently assessing the proposal.

While talks with Apollo are ongoing, the outcome remains uncertain, and the investment size could change. Intel has not provided comments on the report, and Apollo did not respond to further inquiries. Earlier this year, Apollo had announced plans to invest $11 billion in a joint venture linked to Intel’s new manufacturing facility in Ireland.

In addition to Apollo’s interest, Qualcomm is also exploring the possibility of acquiring Intel. Qualcomm’s CEO Cristiano Amon is personally involved in the negotiations, which are still in the early stages. Potential acquisition like this one could have transformative implications for the semiconductor industry.

Intel’s recent struggles have drawn attention from major players in the tech sector, highlighting the shifting landscape of the chip market. With both Apollo and Qualcomm looking to invest or acquire, Intel’s future direction remains a critical topic for industry analysts.