New major investment in chip production | ICT Business | TechBuzz

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New major investment in chip production


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Brookfield Infrastructure Partners has signed a $30 billion partnership with Intel that will be used to finance a semiconductor manufacturing plant under construction in Chandler, Arizona. The deal follows the passage of landmark US semiconductor legislation that would allow billions of dollars to be invested in the country’s semiconductor industry.

Brookfield will invest up to US$15 billion for a 49 percent stake in expanding manufacturing at its Ocotillo campus in Chandler, Arizona, with Intel holding a majority stake of 51 percent.

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The investment will help develop infrastructure assets such as transmission lines, data centers and wireless station transmitters.

“This landmark agreement is an important step forward for Intel’s Smart Capital approach and builds on the momentum of the recent passage of the CHIPS Act in the US,” said David Zinsner, Intel’s CFO.

“Semiconductor manufacturing is one of the most capital-intensive industries in the world, and Intel’s bold IDM 2.0 strategy requires a unique approach to financing. Our agreement with Brookfield is a first for our industry and we expect it will allow us to increase flexibility while maintaining capacity on our balance sheet to create a more distributed and resilient supply chain,” Zinsner said.

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Intel currently has two factories under construction at its Chandler, Arizona location that are expected to complete development in 2024.

The company announced plans to invest US$20 billion in two chip factories at a new location in Cleveland, Ohio, and will invest an additional US$30 billion in chip manufacturing in Europe.



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