Apollo Considers Equity Investment in Struggling Intel

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 69 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 53%

Technology Nouvelles

Intel,Apollo,Investment

Asset manager Apollo is reportedly considering making an equity-like investment in Intel to help the struggling chipmaker navigate a sharp decline in sales and potential cash crunch. The news comes as Intel embarks on a major restructuring plan, including job cuts and divesting some businesses.

The asset manager indicated that it would be willing to make an equity-like investment in Intel, the Bloomberg report said, with top management of the chipmaker considering the offer.

The equity investment would grant Intel some much needed breathing room, as the company grapples with a sharp decline in sales and a potential cash crunch. Intel plans to shave off several business as part of a major restructuring, with the chipmaker having announced job cuts for as much as 15,000 employees earlier this year.Apollo had earlier this year said it will acquire a 49% interest in a joint venture for Intel’s new production facility in Ireland for $11 billion.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apollo to offer multibillion-dollar investment in Intel, Bloomberg News reportsApollo to offer multibillion-dollar investment in Intel, Bloomberg News reports
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Intel considers splitting off foundry business, scrapping factory plans- BloombergIntel considers splitting off foundry business, scrapping factory plans- Bloomberg
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Qualcomm Reportedly Considers Acquisition of IntelA report from The Wall Street Journal suggests that chipmaker Qualcomm is interested in acquiring its rival Intel. This potential deal, valued at over $100 billion, could significantly reshape the smartphone supply chain and position Qualcomm as a major competitor in the AI chip market.
La source: PhoneArena - 🏆 322. / 59 Lire la suite »