Intel Sells Minority Stake in IMS Nanofabrication

Intel will divest an approximately 20% stake in its IMS Nanofabrication GmbH business to Bain Capital in a transaction that values IMS at approximately $4.3 billion. The transaction is expected to close in the third quarter of 2023. IMS will operate as a stand-alone subsidiary and will continue to be led by CEO Elmar Platzgummer.