Delays in Leixlip put Intel on hook for $1.1bn in damages to investment giant Apollo
Intel has already taken a $755m charge for the self-imposed construction delays in Co Kildare
Intel manufacturing employees work in the cleanroom of Fab 34. Photo: Intel Corporation
Thu 6 Feb 2025 at 03:30
Intel could have to pay private equity giant Apollo up to $1.1bn (€1bn) in damages for missing certain construction milestones at its new Fab 34 chip manufacturing facility in Leixlip, Co Kildare.
The chip-maker said the delays are self-imposed and resulted from a decision to curtail near-term capacity requirements.
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Intel manufacturing employees work in the cleanroom of Fab 34. Photo: Intel Corporation