Deals
Apollo, KKR, Stonepeak Weigh Investing Billions in Intel Chip JV
- Money sought for funding Intel chip plant in Ireland: sources
- A transaction would follow Arizona JV with Brookfield
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Apollo Global Management Inc., KKR & Co. and Stonepeak may inject billions of dollars into a joint venture that will help fund Intel Corp.’s semiconductor fabrication facility in Ireland, according to people with knowledge of the matter.
The alternative asset managers are considering investing in a joint venture that could raise several billion dollars, including debt, the people said. The chip-making giant, which is working with an adviser, had begun soliciting interest from potential investors, Bloomberg News reported in February.