Paul, Weiss is advising funds and affiliates managed by Apollo in their joint venture with Intel Corporation related to Intel’s Fab 34 semiconductor wafer manufacturing facility in Leixlip, Ireland. Under the terms of the deal, announced on June 4, the Apollo funds and affiliates will lead an $11 billion investment to acquire a 49% interest in the new entity. The joint venture will have rights to manufacture wafers at Fab 34 to support long-term demand for Intel’s products and provide capacity for customers of Intel’s newly established operating segment Intel Foundry. The Paul, Weiss team is led by corporate partners Ravi Purohit, Ross Fieldston and Gregory Ezring, and includes partners Robert Zochowski and Luke Jennings, M&A counsel Michael Spirtos and Lukas Richards, corporate counsel Nadeem Waeen, David Levine and Nathan Mitchell, and finance counsel Elizabeth Scherer; tax partners Brad Okun and Sohail Itani; intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; litigation partner John Carlin; and executive compensation counsel Jake Glazeski.