Intel said that on June 12, 2024, Intel Ireland completed the Closing, selling its 49% stake in Grange Newco LLC (JV Company) to AP Grange Holdings, LLC (Co-Investor) for about $11 billion.

1. 01

   Intel said that on June 12, 2024, Intel Ireland completed the Closing, selling its 49% stake in Grange Newco LLC (JV Company) to AP Grange Holdings, LLC (Co-Investor) for about $11 billion.

2. 02

   The company said Intel Ireland will continue to hold the remaining 51% stake in JV Company after the Closing. Intel Ireland is a wholly-owned subsidiary of Intel Corporation.

3. 03

   The company said JV Company is a Cayman Islands limited liability company formed by Intel Ireland in connection with Fab 34 in Leixlip, Ireland. The company described Fab 34 as a leading-edge fabrication facility designed to manufacture wafers using Intel 4 and Intel 3 process technologies.

4. 04

   The company said that in connection with the Closing, Intel Ireland and Co-Investor entered into the amended and restated limited liability company agreement of JV Company on June 12, 2024. The company said the agreement is in the form previously filed and described in the Form 8-K filed on June 4, 2024.

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