Intel to pay €12.4bn to buy back Apollo stake in Leixlip plant

Intel reacquires half of its key Irish manufacturing plant, reinforcing its drive to restore chip prowess amid growing AI demand.

The Intel manufacturing plant in Collinstown Park, Leixlip, Co. Kildare.

Intel, the chipmaker aiming to restore its manufacturing prowess, agreed to pay $14.2bn (€12.4bn) to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management.

The transaction will be financed with cash on hand and the issuance of about $6.5bn (€5.7bn) in new debt, Intel said in a statement on Wednesday.