Apollo Global Management Offers $5 Billion Investment in Intel

Apollo Global Management has proposed an investment of up to $5 billion in Intel, amid struggles for the chipmaker whose shares have plunged 60% this year. Intel executives are evaluating the offer, while talks remain preliminary. Concurrently, Qualcomm has shown interest in acquiring Intel.

Apollo Global Management, a U.S.-based asset management firm, has proposed an investment of up to $5 billion in Intel, Bloomberg News revealed on Sunday.

Sources familiar with the matter indicated that Apollo is willing to make an equity-like investment in Intel. This news arrives at a critical time for Intel, as its shares have plummeted almost 60% since the year's start, sharply reducing its market value.

Intel officials are currently deliberating over Apollo's proposal. However, Bloomberg reported that discussions are in the early stages and the potential investment amount could change, or the deal could fall through entirely. While Bloomberg noted Intel's stance of no comment on the report, Apollo did not respond to Reuters' request for comments. Earlier, Apollo had agreed to a $11 billion investment for a 49% stake in Intel's Irish manufacturing facility.

In a parallel development, Qualcomm has also expressed interest in acquiring Intel, in what may be a sector-changing move but with significant obstacles. Qualcomm's CEO Cristiano Amon is personally involved in these initial-stage negotiations, following previous efforts to acquire parts of Intel's chip design business.

(With inputs from agencies.)