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HomeSports NewsIntel, Brookfield to speculate as much as $30B in Arizona chip factories

Intel, Brookfield to speculate as much as $30B in Arizona chip factories

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Intel Corp and Canada’s Brookfield Asset Administration on Tuesday agreed to collectively fund as much as $30 billion for the U.S. chipmaker’s modern chip factories in Arizona, fueling Intel’s ambition to carry extra chip manufacturing onshore with out weighing on its steadiness sheet.

Brookfield’s infrastructure affiliate will make investments as much as $15 billion for a 49-percent stake within the growth undertaking, whereas Intel will retain majority possession and working management of the 2 chip factories meant to make superior chips in Chandler, Arizona.

The funding is an growth of an settlement signed by Intel and Brookfield in February to discover finance choices to assist fund new Intel manufa…

Carry on studying: Intel, Brookfield to speculate as much as $30B in Arizona chip factories

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