Apollo reportedly considering multi-billion dollar investment in Intel (INTC)

Apollo Global Management Inc. has offered to make a multibillion-dollar investment in Intel Corp., according to people familiar with the matter, in a move that would be a vote of confidence in the chipmaker’s turnaround strategy.

The alternative asset manager has indicated in recent days that it would be willing to invest up to $5 billion in Intel, said one of the people, who spoke on condition of anonymity to provide confidential information. Intel executives have been reviewing Apollo’s proposal, the people said.