intel
Americannoun
noun
Etymology
Origin of intel
Shortened form
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Intel agreed to buy Apollo Global Management’s APO -1.39%decrease; red down pointing triangle 49% stake in the companies’ Fab 34 joint venture chip manufacturing plant in Ireland for $14.2 billion.
Intel said it would fund the purchase through a combination of cash on hand and about $6.5 billion in new debt issuances.
Intel expects the transaction to add to ongoing earnings per share and strengthen the company’s credit profile beginning in 2027.
The agreement was “the right structure at the right time,” Intel Chief Financial Officer David Zinsner said, adding that the company now has a stronger balanced sheet and an evolved corporate strategy.
Apollo said it was pleased to facilitate the transaction and support Intel’s priorities.
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