Intel confirmed it has signed on to Musk’s Terafab initiative, a Tesla/SpaceX/xAI effort to build vertically integrated chip factories, and said it will help refactor silicon fab technology. As reported by Bloomberg, CEO Lip-Bu Tan described the collaboration as a step change in how advanced chips and packaging are produced.

Intel shares climbed nearly 9% Wednesday after the chipmaker said it will spend $14.2 billion to buy back a 49% interest in a factory in Ireland. Investment firm Apollo Group bought a minority stake in Intel’s Fab 34 two years ago for $11.

Intel’s stock climbed 9% on Wednesday after the company said it would buy back the 49% share of its Irish chip factory that it sold two years ago, paying $14.2 billion for a stake it originally offloaded for $11.

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.

April 1 (Reuters) - Intel said it would spend $14.2 billion to buy back the 49% stake it sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives demand for its processors.

Intel is making another major chip manufacturing investment, this time by buying back the 49% equity stake in its Fab 34 site in Ireland that it sold to Apollo in 2024.

Intel Corp. shares are flying high after the firm secured a string of high-profile backers, but the cash infusions have done little to fix the company’s biggest problem - its money-losing chip-making operations. The company’s new partnership with ...

The Elon Musk-led companies plan to work with the semiconductor manufacturer at the Terafab project planned in Texas.