The investment company Apollo wants to transfer five billion dollars to Intel to advance its reform plans.

Apollo Global Management has presented Intel with a check worth $5 billion. The investment is a symbolic vote of confidence in the chipmaker’s recently announced reform plans. The talks are still in the exploratory phase and there is no certainty that Intel will act.

Both organizations are no strangers to each other. Earlier this year, Apollo sponsored the construction of an Intel site in Ireland for $11 billion. With a new additional investment, Apollo wants to help initiate reforms at Intel. There have been many doubts about Intel in recent years, but Apollo still seems to fully believe in the chipmaker.

Palace revolution

Intel is in a tight spot today. Last week, the company announced a palace coup with a spin-off of chip factories, a delay of European chip factories and the only positive news is a bespoke chip deal with AWS. The sleeping giant finally seems to be waking up again.

However, Intel’s future could take a very different turn. On Friday evening, it was announced that Qualcomm has its sights set on Intel. Qualcomm wants to expand its presence in the PC industry and sees Intel’s malaise as a unique opportunity to do so. How realistic these plans are will become clearer in the coming weeks. It could well be the biggest acquisition of all time in the technology industry.