Intel Corporation has successfully completed a significant transaction with AP Grange Holdings, LLC, an affiliate of Apollo Global Management, Inc., as of June 12, 2024. The deal, which was initially disclosed on June 4, 2024, involved Intel's wholly-owned subsidiary, Intel Ireland Limited, entering into a purchase and sale agreement. Upon meeting the closing conditions, Intel Ireland sold a 49% stake in Grange Newco LLC to the Co-Investor for approximately $11 billion. Grange Newco LLC, a Cayman Islands limited liability company, was established by Intel Ireland for its leading-edge Fab 34 facility in Leixlip, Ireland, which utilizes Intel 4 and Intel 3 process technologies for wafer manufacturing. Intel Ireland retains a 51% ownership of the JV Company. The transaction was finalized with the signing of the amended and restated limited liability company agreement on the closing date.

Intel Corporation has successfully completed a significant transaction with AP Grange Holdings, LLC, an affiliate of Apollo Global Management, Inc., as of June 12, 2024. The deal, which was initially disclosed on June 4, 2024, involved Intel's wholly-owned subsidiary, Intel Ireland Limited, entering into a purchase and sale agreement. Upon meeting the closing conditions, Intel Ireland sold a 49% stake in Grange Newco LLC to the Co-Investor for approximately $11 billion. Grange Newco LLC, a Cayman Islands limited liability company, was established by Intel Ireland for its leading-edge Fab 34 facility in Leixlip, Ireland, which utilizes Intel 4 and Intel 3 process technologies for wafer manufacturing. Intel Ireland retains a 51% ownership of the JV Company. The transaction was finalized with the signing of the amended and restated limited liability company agreement on the closing date.