Apollo reportedly offering multi-billion dollar investment to Intel after reports of acquisition by Qualcomm

Tech giant Intel has been making a lot of headlines these days. The company is going through tough times and is trying to rise above all challenges. Last month, Intel’s shares hit their lowest in 50 years. The company also announced its decision to lay off 15 percent of its workforce. A couple of days back, there were rumours that Qualcomm might be interested in acquiring the decades old tech giant. However, this information should be taken with a pinch of salt as these are just rumours until now, nothing else.

Intel might get multi-billion dollar investment

Now, a Bloomberg report has said that Apollo Global Management Inc. might be in talks with Intel for a potential multibillion-dollar investment. The offer, reportedly worth up to $5 billion, could be a significant boost for Intel's ambitious turnaround plans, which have been in motion under CEO Pat Gelsinger.

The Bloomberg report added that Intel executives have been mulling over Apollo’s proposal. It also added that the offer is still in early stages and may not come to fruition.


The report also added that the size of the potential investment in Intel could change and discussions regarding a deal could also fall through.

Apollo’s proposal comes at a crucial moment for Intel. As mentioned already, the company, once synonymous with cutting-edge chips, has faced declining market value recently. For a company that used to dominate the semiconductor industry, the last few years have been tough. Competitors like AMD and Nvidia have pulled ahead, leaving Intel to scramble for relevance in a rapidly changing market.

Apollo and Intel’s relationship

Apollo’s interest in Intel isn’t entirely out of the blue. The two companies already share a financial relationship, with Apollo announcing plans to purchase a 49% stake in Intel’s manufacturing facility in Ireland for $11 billion earlier this year. The new proposed deal, however, signals a deeper involvement from the asset management firm, which has a history of investing in distressed assets.



Intel’s turnaround strategy under Gelsinger involves not only revitalising its product line but also expanding its customer base. This includes diversifying into new technologies and markets, which has resulted in mixed financial results.

While Intel has been attempting to reinvent itself, it’s clear that the road ahead will be expensive, and Apollo’s capital could be the lifeline the chipmaker needs to keep these plans on track.