Fab 34 is Intel’s high-volume manufacturing facility designed for wafers using the Intel 4 and Intel 3 process technologies. Photograph: Alan Betson
However, the value of Irish mergers and acquisitions in the first half of the year surged more than threefold to €17.8 billion, up from €5.8 billion previous year, off the back of two “megadeals”. Eight deals exceeded €250 million each. “Dealmakers have appeared reluctant to commit to transactions in the current uncertain political climate, with high-profile elections taking place across the globe in 2024,” he said. “Despite this, two major tech-sector deals boosted total deal value.”
Apollo said the deal was “among the largest private investments of its kind” and underscored “its role to help build the new economy including next-generation AI technology”. Ireland’s technology, media and entertainment, and telecommunications sector dominated, with deals accounting for 79 per cent of total deal value and a quarter of volume.
Fifteen of the 20 largest deals were inbound cross-border transactions, including four of the top five. The UK and the United States were the most significant sources of overseas bidders for Irish companies. UK acquirers were responsible for 41 deals in the first half of the year, while US bidders participated in another 22 transactions.