DIGIVESTASI - US asset management firm Apollo Global Management is reportedly eyeing an investment of US$5 billion (at an exchange rate of Rp 15,145) in Intel. This news comes at a time when Intel's share value has plummeted nearly 60% since the beginning of the year.

According to a report from Reuters on Monday (23/9/2024), Intel executives are reportedly considering an investment offer from Apollo. However, talks are still at an early stage and have not yet reached finalization.

“The planned investment amount could still change, and there is a possibility that negotiations could fail,” Reuters wrote.

Intel declined to comment on this report, while Apollo has also not provided a response. Earlier this year, Apollo announced plans to acquire a 49% stake in a joint venture related to Intel's new manufacturing facility in Ireland for US$ 11 billion.

Apollo's investment in Intel comes amid news that Qualcomm is also exploring acquiring parts of the chipmaker. Qualcomm CEO Cristiano Amon is personally involved in the negotiations, which are still in the early stages, after the company previously planned to acquire part of Intel's chip design business.

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