US multinational has spent the past year talking to private capital groups about potential financing options
Intel 's Leixlip campus in Co Kildare: any sale of part of the plant is not expected to see a new Fab plant being developed. Photograph: Alan Betson
Intel has previously partnered large private capital groups to finance the construction of new semiconductor fabrication plants. In 2022 the group sold a stake of up to 49 per cent in a chip-making plant it is building in Arizona to Canada’s Brookfield Infrastructure Partners for $15 billion in order to finance the $30 billion project.
On Monday it was reported by the Wall Street Journal that Intel had entered exclusive talks with Apollo Global on the $11 billion financing. It is believed to have spent the past year in talks with a number of private capital groups around potential financing options, with the Leixlip plant central to such plans.Increased longevity will bring profound social changeIntel opened its new Fab 34 facility in Leixlip last year.
Those talks included discussions on the role of private sector investment, as well as “what support the Irish Government can provide through IDA Ireland”, Mr McGrath said.
Michael-Mcgrath Apollo-Group Leixlip Ida-Ireland
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