Apollo Global Management Eyes $5 Billion Investment in Embattled Chipmaker Intel

Apollo Global Management is exploring a significant $5 billion investment in Intel amid its current market challenges. Discussions are preliminary, and such an investment would follow Apollo's recent $11 billion stake in Intel's Irish facility. Concurrently, Qualcomm has shown interest in acquiring Intel.

Apollo Global Management, a U.S.-based asset management firm, has proposed a substantial $5 billion investment in semiconductor giant Intel, Bloomberg News reported on Sunday.

The prospective equity-like investment comes as Intel, which once held the title of the world's most valuable chipmaker, has seen its shares tumble nearly 60% since the year's start. According to a person familiar with the matter, the discussions are still preliminary and the terms of the deal could change.

Neither Apollo nor Intel responded to Reuters' requests for comments. Earlier this year, Apollo acquired a 49% equity stake in Intel's new manufacturing facility in Ireland for $11 billion. Meanwhile, Qualcomm has recently approached Intel about a potential acquisition, but negotiations are still in early stages and face numerous hurdles.

(With inputs from agencies.)