Buyout firm Apollo Global Management will acquire a 49% equity interest in Intel's manufacturing facility in Ireland for $11 billion, the companies said on Tuesday.Apollo will acquire the stake in the Fab 34 facility in Leixlip,

Intel has reportedly invested $18.4 billion in the Irish Fab 34 facility, so the money from Apollo pays for a fairly hefty chunk of it. The chipmaker said the transaction will allow it to “unlock and redeploy to other parts of its business a portion of this investment, while continuing the build-out of Fab 34.”