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APO Sep 2024 130.000 call
- Reuters
Apollo to pay $11 billion for 49% of Intel Ireland factory joint venture
Apollo will acquire the stake in the Fab 34 joint venture in Leixlip, Ireland, the U.S. chipmaker's first high-volume location for its Intel 4 manufacturing process using extreme ultraviolet lithography machines. The deal, expected to close in the second quarter, would allow Intel to redeploy parts of its investment in the project to other parts of its business, the company said. Intel has invested $18.4 billion in the facility to date.
- Business Wire
Intel and Apollo Agree to Joint Venture Related to Intel’s Fab 34 in Ireland
SANTA CLARA, Calif. & NEW YORK, June 04, 2024--Intel and Apollo announce agreement under which Apollo-managed funds and affiliates will invest in a joint venture related to Intel’s Fab 34.
- Yahoo Finance Video
April PCE, Skydance ups Paramount bid, Trump fallout: Catalysts
The core Personal Consumption Expenditures (PCE) index, which excludes volatile food and energy components, increased by 0.2% in April. This reading aligned with Wall Street's expectations but marked a slower pace than the 0.3% increase witnessed in March. In addition, Treasury yields (^TNX ^TYX, ^FVX) are on the decline this morning after this inflation data. Skydance Media submitted a new offer to Paramount Global (PARA) in its bid to acquire the media giant, according to the Wall Street Journal. Former President Donald Trump has become the first US president to ever be convicted of a felony. A New York jury found the former commander-in-chief guilty on all 34 charges related to his hush money trial. Investors are watching the fallout from the case closely, looking for any potential impacts on the broader market (^DJI, ^IXIC, ^GSPC) For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino
