{"id":31654,"date":"2023-06-29T11:01:22","date_gmt":"2023-06-29T11:01:22","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/intel-to-sell-20-stake-in-austrian-chip-company"},"modified":"2023-06-29T11:15:48","modified_gmt":"2023-06-29T11:15:48","slug":"intel-to-sell-20-stake-in-austrian-chip-company","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/intel-to-sell-20-stake-in-austrian-chip-company","title":{"rendered":"Intel to sell 20% stake in Austrian chip company"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Intel (INTC. O) said on Wednesday it would sell one-fifth of its stake in IMS Nanofabrication to private equity firm Bain Capital in a deal valuing the Austrian producer of chipmaking tools at about $4.3 billion.<\/p>\n

Intel\u2019s stake sale of 20% was valued at $860 million, according to Reuters calculations. IMS, which was acquired by Intel in 2015, makes equipment that are critical for companies that make chips.<\/p>\n

It has delivered a significant return on investment to Intel while growing its workforce and production capacity by four times, Intel said. Bain Capital\u2019s investment in IMS will put it in a position to capture significant market share for its tools that are being widely adopted by chipmakers, Intel said.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Intel (INTC. O) said on Wednesday it would sell one-fifth of its stake in IMS Nanofabrication to private equity firm Bain Capital in a deal valuing the Austrian producer of chipmaking tools at about $4.3 billion. Intel\u2019s stake sale of 20% was valued at $860 million, according to Reuters calculations. IMS, which […]<\/p>\n","protected":false},"author":84,"featured_media":31653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,2500,241],"class_list":["post-31654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-intel","tag-mauritius"],"yoast_head":"\nIntel to sell 20% stake in Austrian chip company - Mauritius<\/title>\n<meta name=\"description\" content=\"Intel (INTC. 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