Intel Corp Enters Material Definitive Agreement

TL;DR

Intel just signed a big deal, details TBD.

AI Summary

On June 12, 2024, Intel Corporation entered into a Material Definitive Agreement. The filing does not disclose the specific details of this agreement, only that it is a significant contract for the company.

Why It Matters

This filing indicates Intel has entered into a significant contract, which could impact its future operations, partnerships, or financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details about the agreement introduces uncertainty regarding its potential impact on Intel.

Key Players & Entities

• Intel Corporation (company) — Registrant
• June 12, 2024 (date) — Date of earliest event reported
• 2200 Mission College Boulevard (location) — Principal executive offices address
• Santa Clara, California (location) — City and State of principal executive offices

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common stock, $0.001 par value INTC Nasdaq Global Select Mar
• $11 billion — in Leixlip, Ireland, for approximately $11 billion. The remaining 51% ownership interest i

Filing Documents

• intc-20240612.htm (8-K) — 23KB
• intc-20240612_g1.jpg (GRAPHIC) — 5KB
• 0000050863-24-000110.txt ( ) — 158KB
• intc-20240612.xsd (EX-101.SCH) — 2KB
• intc-20240612_lab.xml (EX-101.LAB) — 21KB
• intc-20240612_pre.xml (EX-101.PRE) — 12KB
• intc-20240612_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on June 4, 2024, Intel Ireland Limited ("Intel Ireland"), a wholly-owned subsidiary of Intel Corporation ("Intel" and, together with Intel Ireland, "we," "our" or "us"), entered into a purchase and sale agreement (the "Purchase and Sale Agreement") with AP Grange Holdings, LLC ("Co-Investor"), an entity formed at the direction of and managed by certain affiliates of Apollo Global Management, Inc. Consummation of the transactions contemplated by the Purchase and Sale Agreement (the "Closing") was subject to the satisfaction of certain limited customary conditions. On June 12, 2024, following satisfaction of the closing conditions of the Purchase and Sale Agreement, Intel and the parties thereto consummated the Closing. In connection with the Closing, under the Purchase and Sale Agreement, Co-Investor acquired from Intel Ireland a 49% ownership interest in Grange Newco LLC, a Cayman Islands limited liability company ("JV Company") formed by Intel Ireland in connection with Fab 34, Intel's leading-edge fabrication facility designed for manufacturing wafers using the Intel 4 and Intel 3 process technologies in Leixlip, Ireland, for approximately $11 billion. The remaining 51% ownership interest in JV Company remains under the ownership of Intel Ireland. As contemplated by the Purchase and Sale Agreement, in connection with the Closing, Intel Ireland and Co-Investor entered into the amended and restated limited liability company agreement of JV Company (the "Limited Liability Company Agreement") on June 12, 2024 in the form previously filed with and described in Intel's Current Report on Form 8K dated June 4, 2024.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTEL CORPORATION (Registrant) Date: June 14, 2024 By: /s/ April Miller Boise April Miller Boise Executive Vice President and Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR