In the midst of the crisis surrounding Intelrumors about possible purchases and investments are coming thick and fast. Only a few days ago those who claim that Qualcomm has already approached the company to acquire it began to circulate, when others have appeared that indicate that Apollo is considering making a significant investment in the companywith the aim of facilitating its exit from the difficult situation it is in. The investment, according to Bloomberg, could reach 5 billion of dollars.
Last August, the company confirmed that it had lost $1.6 billion in the previous quarter, and as a result announced that it was laying off 15,000 of its workers and undertaking a major restructuring as part of a plan to cut $10 billion in costs.
Among other measures, Intel has halted the construction of two factories in Germany and Poland, and is going to create a spinoff of its chip manufacturing division, Intel Foundry, although within the company’s structure.
Apparently, the announcement of these problems has put the investor Apollo on guard, which has offered to make the investment in Intel, but not just any way. According to several sources related to the negotiations between both parties, the offer was made last week. If it goes through, it will be a investment similar to those made when purchasing sharesThere is still nothing concrete, and the agreement, which is being discussed, may not go ahead.
Apollo is not an unfamiliar fund for Intel, as it has had a long-standing relationship with the company. The investor paid €11 billion a while ago to create a joint venture with Intel, which gave it a 49% stake in the company, which was created to finance the construction of Intel’s Fab34 chip factory in Ireland.
