Intel Corp INTC is moving to consolidate control of a key manufacturing asset as it strengthens its balance sheet and AI-driven production strategy. • Intel shares are climbing with conviction. Why is INTC stock surging?

Intel said it would spend $14.2 billion (€12.23 billion) to buy back the 49 per cent stake it had sold to Apollo Global Management in its Leixlip manufacturing plant, taking full ownership over it as ...