Twitter LinkedIn
    Wednesday, October 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Intel, Brookfield sign $30bn deal to Finance Chip Factories
    Deals & Transactions

    Intel, Brookfield sign $30bn deal to Finance Chip Factories

    August 24, 2022Updated:August 24, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Intel and Canada’s Brookfield Asset Management agreed to jointly fund up to $30bn for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip production onshore without weighing on its balance sheet.

    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.

    The two companies didn’t disclose specific terms. David Zinsner, Intel’s finance chief, told analysts the interest rate was between 4.4% and 8.5%, which is more expensive than debt financing but cheaper than equity financing.

    The deal also comes after U.S. President Joe Biden 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.

    Read more: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals and transactions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT

    June 3, 2023

    Warburg and Advent in the lead to acquire Baxter’s biopharma unit

    May 13, 2023

    BlackRock Sells Asset-Backed Bonds From Credit Suisse’s Books

    April 14, 2023

    KKR buys stake in communications firm FGS Global

    April 11, 2023

    Comments are closed.

    Other Articles

    Tilley Chemical Company partners with SK Capital

    January 9, 2021

    JPMorgan Asset Management buys timber investment firm with $5.3bn AUM

    June 22, 2021

    OpenGate Capital Completes Acquisition of ScioTeq and TREALITY from TransDigm Group

    July 1, 2021

    Private Equity Firm to take majority stake in PTSG

    May 18, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?