Intel and Canadian investment fund Brookfield will invest $ 30 billion in the production of chips
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Today, August 23, the American company Intel and the Canadian investment fund Brookfield signed an agreement to jointly invest $30 billion to expand chip production at Intel’s Arizona plant.
The agreement was signed under a new scheme for co-financing the development of the semiconductor industry, provided for by the relevant law, which was adopted in the United States in 2022 – on August 9, it was signed by President Joseph Biden. As part of CHIPS for America Act(Creating Helpful Incentives to Produce Semiconductors for America Act) US government allocates $52 billion for development and new developments in the field of semiconductors, and also simplifies chip production co-financing schemes for technology and investment companies .
Under the terms of the agreement, Intel provides 51% of the total investment, and Canadian investment fund Brookfield – 49% “This landmark agreement is an important step in the development of our smart investment strategy and is in line with the vector set by the recently passed CHIPS Act,” said the financial Intel CEO David Zinsner.
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