Intel shares jump 10% after buying back Ireland chip fab in sign of renewed strength

What Happened

The semiconductor company will now wholly own Fab 34 after spending $14.2 billion to repurchase the 49% stake it sold to Apollo Global Management two years ago.

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Background Context

The semiconductor company will now wholly own Fab 34 after spending $14.2 billion to repurchase the 49% stake it sold to Apollo Global Management two years ago.

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Source: US Top News and AnalysisOriginal Link

Source: US Top News and Analysis

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