For those unaware, Apollo Global Management operates as an alternative investment manager.The company invests yield, hybrid, and equity markets to generate retirement and investment income. Apollo Global Management serves customers in the United States.
Apollo has indicated its willingness to invest up to $5 billion in Intel, according to sources familiar with the matter. While discussions are ongoing and no final agreement has been reached, the investment could provide a much-needed boost to Intel’s financial position.
Intel troubles: Stock at all-time low, delayed product timelines
Intel has been actively working to revamp its business under the leadership of CEO Pat Gelsinger. The company has implemented a costly plan to introduce new products, technologies, and external partnerships. However, this initiative has faced challenges, resulting in declining earnings and a significant loss in market value.
The potential investment from Apollo would align with Intel’s efforts to secure additional funding and strengthen its position in the competitive chipmaking industry. Apollo has a history of investing in distressed companies and has previously collaborated with Intel on a joint venture.
Qualcomm eyeing to buy Intel
In addition to Apollo’s offer, Intel has also been approached by Qualcomm regarding a potential acquisition. While these discussions are in their early stages, a merger between the two companies could have significant implications for the semiconductor industry.
Apollo’s investment proposal and Qualcomm’s interest in acquiring Intel highlight the ongoing challenges and opportunities facing the chipmaker. As Intel continues to navigate its turnaround strategy, the outcome of these discussions will play a crucial role in shaping its future.