{"id":128980,"date":"2022-08-23T21:56:59","date_gmt":"2022-08-23T21:56:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=128980"},"modified":"2022-08-23T21:56:59","modified_gmt":"2022-08-23T21:56:59","slug":"intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/","title":{"rendered":"Intel and Brookfield set to invest $30 billion into chip factories in Arizona"},"content":{"rendered":"

<\/picture> video<\/span> <\/p>\n

FOX Business Flash top headlines for August 23<\/h2>\n

Check out what’s clicking on FoxBusiness.com.<\/p>\n

Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker's leading-edge chip factories in Arizona.<\/p>\n

The move comes after U.S. President Joe Biden earlier this month signed the CHIPS and Science Act into law, which included provision of $52.7 billion in subsidies for U.S. semiconductor production and research.<\/p>\n

INTEL INVESTING $100M IN EDUCATION TO BOLSTER SEMICONDUCTOR MANUFACTURING, RESEARCH<\/strong><\/p>\n

Brookfield's infrastructure affiliate will invest up to $15 billion for a 49% stake in the expansion project, while Intel will retain majority ownership and operating control of the two chip factories meant to make advanced chips in Chandler, Arizona.<\/p>\n

<\/picture>\n

After the $52.7 billion CHIPS and Science Act was signed into law earlier this month to encourage semiconductor chip research and manufacturing, and companies like Intel have been racing to get a piece of the pie. Pictured: Intel logo hangs at the Wo<\/span> (REUTERS\/Arnd Wiegmann\/File Photo \/ Reuters Photos)<\/span><\/p>\n

Intel finance chief David Zinsner said the arrangement between the companies "builds on the momentum from the recent passage of the CHIPS Act in the U.S".<\/p>\n

The investment is part of a deal between Intel and Brookfield in February this year to explore project finance options to help fund new Intel manufacturing sites.<\/p>\n

Last month, Intel slashed its annual forecasts due to falling PC demand.<\/p>\n

After Pat Gelsinger took over the reins of the company in early 2021, Intel had announced multi-billion dollar investments across Europe and in the United States.<\/p>\n

SUPPLY CHAINS 'AGGRESSIVELY NEED' TO BE REBALANCED: INTEL CEO<\/strong><\/p>\n

They were aimed at increasing Intel's chip production after the industry went through an over two-year long supply crunch that derailed production of cars to computers.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

video FOX Business Flash top headlines for August 23 Check out what’s clicking on FoxBusiness.com. Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nIntel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me\" \/>\n<meta property=\"og:description\" content=\"video FOX Business Flash top headlines for August 23 Check out what’s clicking on FoxBusiness.com. Intel Corp and Canada&apos;s Brookfield Asset Management on Tuesday agreed [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-23T21:56:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/5b4326342000004100b9677b.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/\",\"url\":\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/\",\"name\":\"Intel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2022-08-23T21:56:59+00:00\",\"dateModified\":\"2022-08-23T21:56:59+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Intel and Brookfield set to invest $30 billion into chip factories in Arizona\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Intel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/","og_locale":"en_US","og_type":"article","og_title":"Intel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me","og_description":"video FOX Business Flash top headlines for August 23 Check out what’s clicking on FoxBusiness.com. Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed [...]","og_url":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/","og_site_name":"Fin2me","article_published_time":"2022-08-23T21:56:59+00:00","og_image":[{"width":1910,"height":1000,"url":"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/5b4326342000004100b9677b.jpeg","type":"image\/jpeg"}],"author":"Mark","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/","url":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/","name":"Intel and Brookfield set to invest $30 billion into chip factories in Arizona - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2022-08-23T21:56:59+00:00","dateModified":"2022-08-23T21:56:59+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/intel-and-brookfield-set-to-invest-30-billion-into-chip-factories-in-arizona\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Intel and Brookfield set to invest $30 billion into chip factories in Arizona"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/128980"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=128980"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/128980\/revisions"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=128980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=128980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=128980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}