INTC is trading at $45.84 (+3.89%) after announcing it will repurchase a 49% equity stake in its Fab 34 Ireland facility from Apollo for $14.2 billion.
- The move reverses a 2024 deal, granting Intel full control over advanced semiconductor production utilizing Intel 3 and Intel 4 processes.
- The stock's advance comes amid a broader market rally with the NASDAQ up 0.99%, following a high-volume trading session of 83.8M shares.