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intel

according to bloomberg, sources familiar with the matter said that apollo global management, an american investment management company, has proposed to invest billions of dollars in intel, showing its confidence in intel's recovery strategy. currently, intel is in a difficult situation and may even be acquired by qualcomm.

according to people familiar with the matter,apollo recently expressed its willingness to invest up to $5 billion in intelintel executives have been weighing apollo’s proposal. nothing has been finalized yet, the size of the potential investment could change, and the talks could break down, leading to no deal being reached, people familiar with the matter said.

while apollo is perhaps best known today for its insurance, acquisition and credit strategies, the firm got its start in the 1990s as a specialist in distressed investing, where investors buy financially distressed or near-bankrupt companies or their assets and then earn outsized returns once the companies are stabilized or restructured.

last weekend, several us media reported that qualcomm, another us chip giant, is planning a friendly acquisition of intel (with the consent of the target acquisition company), which may create one of the largest m&a transactions in history.

intel has been working on a costly turnaround plan under chief executive officer pat gelsinger to reinvent itself with new products, technologies and outside customers, but the plan has led to worsening financials, undermined confidence in the plan and wiped out tens of billions of dollars in market value.

as of press time, intel and apollo declined to comment. (author: xiao yu)

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