Intel Doubles Down On Chips, Enters $30 Billion Deal To Build New Factory

Intel Doubles Down On Chips, Enters $30 Billion Deal To Build New Factory

Intel is not done yet. The company’s plan to become a big player in the semiconductor business is even more ambitious than we thought. Today’s news arrives via the WSJ, “Intel Corp. has struck an unusual $30 billion funding partnership with Brookfield Asset Management Inc.” Both companies will finance and build a new factory in Chandler, Arizona. Apparently, this is the first of many similar deals for Intel.

The company wants to build chip manufacturing capabilities fast and it’s using co-investment as a way to raise money outside of the traditional banking system. For its part, Brookfield is a Canadian asset-management firm that has “more than $750 billion in assets under management.” If this goes well, these new pools of capital will allow Intel to build factories in other places.

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