US-based private investment major Apollo Global Management has offered to make an equity-like investment of up to $5bn in Intel, amid a challenging period for the semiconductor giant, according to a report by Bloomberg News.
Intel has seen its stock value plummet by nearly 60% since the start of the year, after once being the world’s most valuable chipmaker.
The report cites an unnamed source familiar with the matter as confirming that Intel executives are currently reviewing Apollo’s offer, but talks remain in the early stages, with no final decisions made. The potential size of the investment may change, and discussions could still fall to progress.
Intel declined to comment on the Bloomberg report, while Apollo has yet to respond to requests for comment.
Earlier this year, Apollo secured a 49% equity stake in a joint venture linked to Intel’s new manufacturing facility in Ireland in a deal valued at $11bn.
