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Intel | 8-K: Intel and Apollo Agree to Joint Venture Related to Intel's Fab 34 in Ireland

Intel | 8-K: Intel and Apollo Agree to Joint Venture Related to Intel's Fab 34 in Ireland

英特尔 | 8-K:英特尔与阿波罗达成协议就爱尔兰Fab 34晶圆厂建立合资企业
美股SEC公告 ·  2024/06/05 04:14

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Intel and Apollo have entered into a definitive agreement where Apollo-managed funds will invest $11 billion to acquire a 49% stake in Intel's Fab 34 facility in Leixlip, Ireland. The joint venture represents Intel's second Semiconductor Co-Investment Program arrangement, with Intel maintaining 51% controlling interest and full operational control of the facility.The state-of-the-art Fab 34, which has received $18.4 billion in investment to date, manufactures wafers using Intel 4 and Intel 3 process technologies. High-volume production of Intel Core Ultra processors began in September 2023, with Granite Rapids data center product ramp already underway. The joint venture will produce wafers for Intel on a cost-plus-margin basis.The transaction, expected to close in Q2 2024, allows Intel to unlock capital while maintaining its investment-grade credit rating. The joint venture will be consolidated in Intel's financial results, with income attributable to the 49% ownership expected to be limited in the first two years before increasing as the factory reaches full capacity.
Intel and Apollo have entered into a definitive agreement where Apollo-managed funds will invest $11 billion to acquire a 49% stake in Intel's Fab 34 facility in Leixlip, Ireland. The joint venture represents Intel's second Semiconductor Co-Investment Program arrangement, with Intel maintaining 51% controlling interest and full operational control of the facility.The state-of-the-art Fab 34, which has received $18.4 billion in investment to date, manufactures wafers using Intel 4 and Intel 3 process technologies. High-volume production of Intel Core Ultra processors began in September 2023, with Granite Rapids data center product ramp already underway. The joint venture will produce wafers for Intel on a cost-plus-margin basis.The transaction, expected to close in Q2 2024, allows Intel to unlock capital while maintaining its investment-grade credit rating. The joint venture will be consolidated in Intel's financial results, with income attributable to the 49% ownership expected to be limited in the first two years before increasing as the factory reaches full capacity.
2024年6月4日,英特尔公司宣布与阿波罗全球管理公司签署了一项确定性协议,由阿波罗管理的基金以110亿美元收购与英特尔爱尔兰Fab 34有关的合资企业49%的股份。合资企业Grange Newco LLC将参与制造半导体晶圆的Fab 34的运营,使用英特尔的先进工艺技术。英特尔爱尔兰是英特尔的全资子公司,将保留51%的控制权和所有知识产权。该交易是英特尔智慧资本策略的一部分,旨在为公司的全球制造业务提供财务灵活性和支持。交易的完成预计在2024年第二季度,须符合惯例条件。该交易还包括有关Fab 34的建设、运营和晶圆购买义务的附属协议。英特尔和阿波罗在同一天发表联合新闻稿宣布了这项协议。
2024年6月4日,英特尔公司宣布与阿波罗全球管理公司签署了一项确定性协议,由阿波罗管理的基金以110亿美元收购与英特尔爱尔兰Fab 34有关的合资企业49%的股份。合资企业Grange Newco LLC将参与制造半导体晶圆的Fab 34的运营,使用英特尔的先进工艺技术。英特尔爱尔兰是英特尔的全资子公司,将保留51%的控制权和所有知识产权。该交易是英特尔智慧资本策略的一部分,旨在为公司的全球制造业务提供财务灵活性和支持。交易的完成预计在2024年第二季度,须符合惯例条件。该交易还包括有关Fab 34的建设、运营和晶圆购买义务的附属协议。英特尔和阿波罗在同一天发表联合新闻稿宣布了这项协议。
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