Intel reportedly seeking $11B to finance facility in Ireland

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Another huge investment for chip giant despite losses

Intel is holding negotiations with private equity investor Apollo Global Management to secure $11 billion in funding for a manufacturing facility in Ireland.readers might consider that if there was no truth whatsoever in the reports, the two companies would not hesitate to issue a rebuttal. We, however, decry such a cynical attitude.

The move would represent another huge investment by Intel, which is already building multibillion-dollar US-based semiconductor manufacturing facilities in Arizona and Ohio, plus another site in Israel and another in Germany. All of these new projects are at least partly funded by state subsidies such as thean overall loss of $437 million for the first quarter of this year due to falling demand in key markets such as datacenter products and a decline in PC shipments last year.

 

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