At the end of April, information emerged about Intel’s talks with investment company Apollo Global Management regarding the purchase of shares in a joint venture that would finance the development of the company’s first production facility in Ireland. The deal is expected to close this quarter, and Intel will pay approximately $11 billion for a 49% stake in the Apollo joint venture.

Intel made a similar statement this week, saying the joint venture with Apollo would manage Fab 34’s operations in Ireland. The cooperation plan around this project is similar to the plan that Intel has partially used to build two facilities in Arizona. Financial resources of Canadian investment company Brookfield. At the same time, the Intel partner does not have exclusive business management rights, but can count on a part of the income from the products of the enterprises. The Arizona project required Brookfield to invest up to $15 billion.

Construction of the Fab 34 buildings in Ireland is almost complete; The project financing process will be completed at the end of the current quarter. In the future, it is planned to establish chip production based on Intel 3 and Intel 4 technologies at this enterprise. The agreement with Apollo allows Intel to purchase a certain guaranteed quantity of the company’s products as it distributes the orders. It will prioritize chip production over its other own facilities. . This should protect Apollo’s interests as an investor in Fab 34 to some extent.