Apollo Global Management, a leading U.S.-based asset management firm, has made a substantial offer to invest up to $5 billion in Intel, the once-dominant chipmaker facing significant market challenges. Reports indicate that Apollo is willing to make an equity-like investment, potentially revitalizing Intel as it navigates a steep decline in its stock value—nearly 60% since the beginning of the year.
According to sources familiar with the matter, Intel executives are currently evaluating Apollo’s proposal, though discussions are still in the preliminary stages and no agreements have been finalized. The potential investment amount may also fluctuate as negotiations continue.
Intel has refrained from commenting on the Bloomberg report, and Apollo has not responded to inquiries from Reuters.
Earlier this year, Apollo announced plans to acquire a 49% equity interest in a joint venture connected to Intel’s new manufacturing facility in Ireland, a deal valued at $11 billion.
This investment proposal comes shortly after Qualcomm expressed interest in acquiring Intel, signaling a possible transformative shift in the semiconductor industry. Qualcomm CEO Cristiano Amon is reportedly personally involved in these negotiations, which are also in their early stages.
Previously, Qualcomm had considered acquiring parts of Intel’s chip design business, reflecting the growing interest in Intel’s assets amid its current difficulties.
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