Intel to sell 20% stake in IMS business to Bain Capital at $4.3B valuation

Intel announced that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication, or IMS, business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3B. The transaction is expected to close in the third quarter of 2023. IMS will operate as a standalone subsidiary and will continue to be led by CEO Dr. Elmar Platzgummer.