Intel stock pops as it buys back Ireland chip fab in sign of strength
Intel Shares jumped 9% on Wednesday after the US chipmaker introduced it would repurchase the 49% fairness curiosity it didn’t personal in its Fab 34 chip facility in Ireland for $14.2 billion. The semiconductor firm sold the 49% stake in its Ireland manufacturing facility to buyout agency Apollo Global Management in 2024 for $11.2 billion….
