Intel Corp. has agreed to pay Apollo Global Management $14.2 billion to repurchase half of its manufacturing plant in Ireland, marking a major move to regain control of its semiconductor production capacity. The deal represents a significant reversal of Intel's earlier decision to sell part of the facility to Apollo, reflecting the company's renewed focus on strengthening its manufacturing capabilities.

This transaction comes as Intel works to restore its position in the global chipmaking industry, where it has faced increasing competition from rivals like Taiwan Semiconductor Manufacturing Co. The Irish plant, located in Leixlip, has been a key part of Intel's European manufacturing footprint for decades. By buying back Apollo's stake, Intel gains full control over production decisions and capacity planning at this critical facility.

The $14.2 billion price tag underscores the strategic value Intel places on maintaining direct ownership of its manufacturing assets. This move aligns with Intel's broader strategy to invest heavily in domestic and international chip production as part of efforts to reduce supply chain vulnerabilities and meet growing global demand for semiconductors.