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cailianshe news, september 23 (editor: zhou ziyi)according to media reports on monday (september 23), citing people familiar with the matter, us private equity giant apollo global management proposed to invest us$5 billion in chip maker intel, a move that indicates that the former is casting a "vote of confidence" in intel's turnaround strategy.

the alternative asset management firm recently said it was willing to make an equity investment of up to $5 billion in intel, while intel executives were also weighing apollo’s proposal, one of the people said.

none of the proposals have been finalized, the size of potential investments could change and talks could break down without a deal, the people added.

another report last friday (september 20) pointed out that people familiar with the matter said that qualcomm is considering a friendly acquisition of intel, which could become one of the largest mergers and acquisitions in history.

turnaround strategy

several potential deals that have been reported in recent days reflect intel's efforts to turn the company around.

intel, under the leadership of chief executive pat gelsinger, has been developing a costly foundry manufacturing plan in recent years, trying to transform itself to bring in new products, technologies and external customers. however, the huge spending of the plan has become a major burden for intel, causing its performance reports to deteriorate and wiping tens of billions of dollars from its market value.