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Intel buys back Apollo's stake in Ireland factory, shares surge

By Michele Maatouk

Date: Wednesday 01 Apr 2026

(Sharecast News) - Intel shares surged on Wednesday after the chip maker agreed to buy back the 49% stake in a joint venture related to its Irish plant, Fab 34, from Apollo Global Management, for $14.2bn.
Intel said the agreement reflects its continued business momentum "underpinned by the growing and essential...

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