Intel sells 49% stake in its Irish factory and receives $11 billion in funding to alleviate financial concerns
王俊杰2017
发表于 2024-6-5 16:30:23
229
0
0
Intel is introducing more external funding for its large-scale expansion plan. On Tuesday (June 5th), Intel agreed to sell a portion of its equity in a factory in Ireland to Apollo Global Management for $11 billion.
According to Intel's statement on Tuesday, Intel will sell 49% of its shares in entities related to the Fab 34 chip factory in Ireland. Intel will retain 51% of its shares to maintain its controlling stake in the company, and the transaction is expected to be completed in the second quarter of 2024.
Intel's Fab 34 chip factory in Ireland is Intel's leading High Volume Manufacturing (HVM) factory and the only chip manufacturing plant in Europe that uses Extreme Ultraviolet (EUV) lithography technology. This factory provides support for wafers using Intel 4 and Intel 3 processes.
So far, Intel has invested $18.4 billion in Fab 34.
The deal with Apollo allows Intel to monetize some of its investments and redeploy them to other businesses, while also continuing to expand Fab 34.
This transaction is Intel's second Semiconductor Co Investment Program (SCIP) announced. The SCIP program aims to create financial flexibility to accelerate the company's strategy, including investing in its global manufacturing business while maintaining a strong balance sheet.
The previous SCIP plan occurred in 2022. At that time, Intel reached a partnership with Brookfield Asset Management to provide funding for a $30 billion semiconductor manufacturing plant in Arizona, with Intel contributing 51% of the total project cost and Brookfield contributing 49%.
Relieve financial pressure
Intel CEO Pat Gelsinger is currently pushing for an ambitious and costly plan to bring Intel back to the pinnacle of the semiconductor industry. He is investing heavily in revitalizing his struggling product lineup and investing in factories around the world with the aim of revitalizing his manufacturing industry and attracting more outsourcing customers.
The company stated in a statement, "This statement highlights Intel's continued progress in its transformation strategy. The company will continue to promote the creation of financial flexibility and accelerate its strategy, including investing in global manufacturing while maintaining a strong balance sheet."
The collaboration with Apollo has helped alleviate concerns about the high cost of the Gelsinger industry revival plan.
Intel was once a leader in the semiconductor industry, but as the wave of artificial intelligence swept through the global technology industry, Intel's market share was gradually taken away by competitors such as Nvidia. Previously, Intel also released a series of relatively weak performance reports, which raised concerns about Intel's financial situation.
To this end, Intel began implementing a strategy called "smart capital", seeking external funding assistance. Among them, the Joint Investment Plan (SCIP) is an important component of this strategy.
The stock fell less than 1% to $30.03 in New York trading on Tuesday, with a 40% drop so far this year, making it the worst performing component of the Philadelphia Semiconductor Index.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Got it! Intel announces spin off of chip foundry business and important partnership with Amazon
- Apollo Global Management reportedly proposes to invest up to $5 billion in Intel
- Intel、AMD联合捍卫x86!黄仁勋:他们很了不起
- Intel and AMD join forces to defend x86! Huang Renxun: They are amazing
- インテル、AMD連合でx 86を守る!黄仁勲:彼らはとても起きられない
- Intel, AMD 통합 x86!황인훈: 걔네들 못 살아.
- Intel被裁员工转投NVIDIA:薪水直接暴涨33%!
- Intel laid off workers switch to NVIDIA: salary skyrockets by 33%!
- Intelリストラされた労働者のNVIDIAへの転職:賃金が直接33%急騰!
- Intel은 감원된 노동자에 의해 NVIDIA로 전환되었습니다: 급여가 직접 33% 폭등했습니다!
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
证券时报网讯,热门中概股美股盘前普涨,小鹏汽车、哔哩哔哩涨近5%,蔚来涨超4%,阿里巴巴、拼多多涨超2%。
- p609520
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
何思文表示,“在进博会这个平台上,我们开启的是倾听模式,通过进博会展出各类产品,收集消费者的需求和反馈,进而帮助决定未来进口到中国的产品。过去,汽车行业的许多创新源于美国加州或欧洲。我相信,中国正 ...
- MaxLucky
- 4 小时前
- 支持
- 反对
- 回复
- 收藏