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Reading: Intel, Brookfield Sign Deal to Finance Chip Factories
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The Wall Street Publication > Blog > Tech > Intel, Brookfield Sign Deal to Finance Chip Factories
Tech

Intel, Brookfield Sign Deal to Finance Chip Factories

Editorial Board Published August 23, 2022
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Intel, Brookfield Sign Deal to Finance Chip Factories
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Intel has struck an unusual $30 billion funding partnership with Brookfield Asset Management to help finance its factory-expansion ambitions, signaling some big investors are upbeat about the long-term demand for semiconductors.

The agreement with the publicly traded Canadian asset-management firm is the first of what could be a series of such arrangements Intel pursues to underpin Chief Executive Pat Gelsinger’s push to make the company a leading contract chip maker and regain its manufacturing advantage over competitors in Taiwan and South Korea.

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