Apollo Eyes $5 Billion Investment in Intel, Reports Bloomberg News

U.S.-based asset management firm Apollo Global Management has proposed a potential investment of up to $5 billion in Intel, according to a report by Bloomberg News.

Apollo has recently expressed its willingness to make a significant equity-like investment in Intel, as shared by a source familiar with the matter. This news arrives at a challenging time for Intel, once the leading chipmaker globally, whose stock has plummeted nearly 60% since the beginning of the year.

Intel executives are currently evaluating Apollo’s proposal, with the discussions still in preliminary stages and not yet finalized. The potential size of the investment might vary, and it is possible that negotiations could fail to materialize.

While Intel chose not to comment on the report, Apollo did not respond to requests for additional information. Earlier this year, Apollo announced plans to acquire a 49% equity stake in a joint venture linked to Intel’s new manufacturing plant in Ireland for $11 billion.

Meanwhile, Qualcomm has also initiated conversations with Intel about a possible acquisition, which has the potential to reshape the semiconductor industry but faces various challenges. Qualcomm CEO Cristiano Amon is reportedly directly involved in these negotiations, which are still in the early phases. Historically, Qualcomm has also looked into acquiring elements of Intel’s chip design division.