Intel and Brookfield to jointly invest up to $30 billion in Arizona chip factories

Intel announced a Semiconductor Co-Investment Program and signed an agreement with Brookfield Asset Management to jointly invest up to $30 billion in Intel's manufacturing expansion at its Ocotillo campus in Chandler, Arizona. Intel will fund 51% and Brookfield 49% of the project cost for two new leading-edge chip factories.

“Under the terms of the agreement, the companies will jointly invest up to $30 billion in Intel’s previously announced manufacturing expansion at its Ocotillo campus in Chandler, Arizona, with Intel funding 51% and Brookfield funding 49% of the total project cost.”intc.com

• 2 sources
• intc.comIntel Advances Smart Capital, Introduces First-of-its-Kind ...Aug 23, 2022
• reuters.comIntel, Brookfield to invest up to $30 bln in Arizona chip factoriesChavi MehtaAug 23, 2022

Summarized from public sources; check the original articles before acting on it.