# Intel Corporation (NASDAQ:INTC) is up 16% over the past few sessions.

*semiconductor · news · 2026-04-06 · Benzinga*

## Key points

- Intel is repurchasing the 49% stake in its Fab 34 facility from Apollo for $14.2 billion.
- The original sale to Apollo in 2024 was for $11.2 billion, indicating a $3 billion premium.
- Intel's repurchase is driven by strong demand for server CPUs, especially the Xeon 6 processor.
- Fab 34 will not produce Intel's most advanced 18A chips in the near future.

**Companies:** Intel Corporation
**Countries:** Ireland, United States

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51657125/intel-stock-surges-on-14-2b-move-to-reclaim-key-facility)

---

Canonical: https://newsio.io/n/b1aec0bf-99cd-45cb-a38d-710acb79613b/intel-corporation-nasdaqintc-is-up-16-over-the-past-few-sessions
Summarized by Newsio from Benzinga. https://newsio.io/how-it-works