Once one of the largest chip companies in the world Intelhas been in serious decline lately. So much so that billions of dollars were lost. Second-quarter data released in August showed that net profit fell by 85%. Its value has also fallen since the beginning of the year dropped by more than 60%.

Now, a development has taken place that could help relieve Intel, which is going through a very bad period. According to Bloomberg, the chip giant could soon receive a huge investment.

A company called Apollo wants to invest $5 billion in Intel

According to the claim, based on people familiar with the matter, the US-based asset manager Apolloamount of Intel Making an investment that could amount to $5 billion he wants. While these kinds of numbers have the potential to be a lifeline for Intel, nothing is certain at this point.

According to Bloomberg, Intel executives are currently evaluating Apollo’s offer. Discussions are still ongoing at an early stage and incompleteIn other words, there is a possibility that it will not be realized at all or that the investment amount will decrease.

We’ll see how the deal plays out over time. Let’s add that Apollo has been around Intel before. The company announced earlier this year that it would buy 49% of the joint venture involving Intel’s new manufacturing facility in Ireland for $11 billion.

The actions against Intel weren’t just coming from Apollo. Allegations that emerged over the weekend suggested that another chip giant, Qualcomm, was looking to buy Intel. It was also claimed that no official bid had been made.