Intel, Brookfield Sign $30 Billion Deal to Finance Chip Factories

Intel has struck an uncommon $30 billion funding partnership with Brookfield Asset Administration to assist finance its factory-expansion ambitions, signaling some huge buyers are upbeat concerning the long-term demand for semiconductors.

The settlement with the publicly traded Canadian asset-management agency is the primary of what might be a sequence of such preparations Intel pursues to underpin Chief Govt Pat Gelsinger’s push to make the corporate a number one contract chip maker and regain its manufacturing benefit over opponents in Taiwan and South Korea.