Intel Enters Semiconductor Co-Investment with Brookfield Infrastructure for Up to $30B Arizona Manufacturing Expansion
August 26, 2022
Intel and Brookfield Infrastructure (an infrastructure affiliate of Brookfield Asset Management) signed a definitive agreement to co-invest in Intel’s Ocotillo campus manufacturing expansion in Chandler, Arizona. The parties will jointly invest up to $30 billion, with Intel funding 51% and Brookfield funding 49%, while Intel retains majority ownership and operating control of the new leading-edge chip factories. The transaction is expected to close by the end of 2022, subject to customary closing conditions.
- Buyers
- Intel Corporation, Brookfield Infrastructure (infrastructure affiliate of Brookfield Asset Management)
- Industry
- Manufacturing
- Location
- Arizona, United States
- Transaction Type
- Growth capital
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