# 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.

- Type: Investment
- Announced: 2022-08-23
- Where: Chandler, Arizona, United States
- Value: $30.0B
- Status: announced
- Products: leading-edge chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)
- [Brookfield Asset Management](https://endata.com/companies/2655.md) (investor)

## Sources

- [intc.com](https://www.intc.com/news-events/press-releases/detail/1568/intel-advances-smart-capital-introduces-first-of-its-kind), 2022-08-23: "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."
- [reuters.com](https://www.reuters.com/technology/intel-brookfield-invest-up-30-bln-arizona-chip-factories-2022-08-23/), 2022-08-23: "Brookfield's infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while Intel will retain majority ownership and operating control of the two chip factories."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.