A report from Bloomberg indicates that U.S.-based asset manager Apollo Global Management (NYSE) is exploring a significant investment of up to $5 billion in Intel (NASDAQ).
According to sources familiar with the situation, Apollo has recently expressed interest in making a substantial equity-like investment in Intel. This comes at a challenging time for the tech giant, which has seen its stock plummet by nearly 60% since the beginning of the year, a steep decline for what was once the leading chip manufacturer globally.
While Intel’s leadership is currently assessing Apollo’s proposal, the discussions are still in the early stages, and no definitive agreement has been reached. Bloomberg’s report also highlighted the possibility that the terms of the deal might change, or the talks could be abandoned altogether.
Intel has refrained from commenting on the potential investment, and Apollo has yet to respond to media inquiries.
Earlier this year, Apollo secured a 49% equity stake in a joint venture connected to Intel’s $11 billion manufacturing facility in Ireland. This latest interest in Intel surfaces as the company continues to grapple with industry challenges and strategic shifts.
Additionally, there have been recent reports that Qualcomm (NASDAQ) has approached Intel to explore the possibility of an acquisition. Qualcomm’s CEO, Cristiano Amon, is said to be personally involved in these preliminary discussions, which, if successful, could lead to a landmark deal within the semiconductor industry. However, the negotiations face significant obstacles, and it’s unclear if a transaction will materialize.
