Apollo Global Management

Money Moves

Building one of the largest private equity auto-supply portfolios; current holdings include Tenneco, TI Automotive and Panasonic Automotive with $28B combined annual revenue and 120,000+ employees across 50 countries

Apollo Global Management agreed on April 27, 2026 to buy Forvia's interiors business for €1.82 billion (about $2.1 billion)—the largest auto-supplier carve-out announced this year. The unit running 59 plants across 19 countries generated €4.8 billion in revenue last year making instrument panels, door panels and center consoles for nearly every major carmaker. Forvia shares surged 8 percent in Paris the following morning as investors welcomed the prospect of more than €1 billion in net debt reduction.

Updated Apr 28

Money Moves

Exiting Fab 34 investment with substantial return

Intel's foundry strategy, once anchored by a single high-profile Apple deal, has accumulated a roster of the world's most demanding chip buyers in a matter of weeks. In early April 2026, Intel signed on as the primary foundry partner for Terafab — a $25 billion artificial-intelligence semiconductor venture backed by Tesla, SpaceX, and xAI — and formalized a multi-year AI infrastructure deal with Google to manufacture Xeon processors and co-develop custom data-center chips for Google Cloud. Separate reports confirmed Intel Foundry had also secured contracts to build Microsoft's Maia 2 AI processor and custom AI fabric chips for Amazon Web Services. The common thread: Intel's 18A manufacturing process, which reached high-volume production at its Arizona fab in late January 2026 with yields above 60%.

Updated Apr 23