Under Apollo JV Agreement On Fab 34, Intel Is Required To Finish Build-Out Of Fab 34 And Purchase Wafers From JV For Itself And External Customers
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Intel has entered into a joint venture agreement with Apollo for the build-out of Fab 34. Intel will complete the construction and purchase wafers from the JV for itself and external customers. Intel will consolidate the JV's results in its financial reporting, with limited net income attributable to non-controlling interests in the first two years, expected to increase as the factory reaches full capacity.
June 04, 2024 | 8:14 pm
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Apollo's joint venture with Intel for Fab 34 will see limited net income initially, with an increase expected as the factory reaches full capacity.
Apollo's participation in the JV with Intel will initially have a limited impact on net income, but as the factory ramps up, the financial benefits are expected to grow. This indicates a positive long-term outlook for Apollo's earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel's joint venture with Apollo for Fab 34 is expected to have limited net income impact initially, with growth anticipated as the factory reaches full capacity.
Intel's involvement in the JV will initially have a limited impact on net income, but as the factory ramps up, the financial benefits are expected to grow. This indicates a positive long-term outlook for Intel's earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100