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Intel shares jump 9% after buying back Ireland chip fab in sign of renewed strength

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.

1 report1 sourceApr 1, 2026, 8:02 PM
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CNBCApr 1, 2026, 8:02 PM

Intel shares jump 9% after buying back Ireland chip fab in sign of renewed strength

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.

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