Intel vs Private Equity 4-7-26

This is Scott Becker with the Becker Business and the Becker Private Equity podcast. Today's discussion is Intel versus private equity. Here's what's going on with Intel. Intel right now, and the reason these two come together, because Intel is buying out a stake from its Ireland chip facility from Apollo Global Management. Apollo is one of the three or four largest private equity alternative asset managers in the world. So Intel is buying back $14.2 billion stake. That's a big stake. Intel is up 36% year to date. One of the great rebound stories in the last couple of years and probably the history of technology together with Steve Jobs, of course, and what he did with Apple and taking that back over. Apollo is down 26% year to date, which seems to be the story of what's going on in private equity. The big, big funds, Apollo, KKR, Blackstone, all down 25% to 30% year to date. So what you see here, Intel continues to move in the right direction. Fasting turnaround story, they replaced their CEO, Jim Geisinger, who it must have been horrible with the new CEO who came back from a long time ago from Intel, and they're doing great. And in contrast, the big private equity funds continue to struggle. Again, Apollo Global Management, who's their buying back the stake from here down 26% year to date, KKR and Blackstone, also down 25% to 30% year to date. So really a tough, tough year. Again, fasting to watch what's going on in technology and private equity this year. Thank you for listening to the Becker Business and the Becker Private Equity Podcast. Thank you so much.