Intel (NASDAQ:INTC) Stock: Expansion Plans Bolstered by $30B Landmark Agreement
Intel (INTC) has made an important stride to regain strength in the chip manufacturing space. The company has struck a $30 billion funding agreement with Brookfield Asset Management (BAM). The first-of-its-kind Semiconductor Co-Investment Program will help finance the company''s chip manufacturing expansion plans. Benefits of Intel-Brookfield’s Landmark Agreement Under the terms of the agreement, Intel will fund 51% of the cost of building new chip-making factories in Arizona. In addition, the chip giant will have a controlling stake in the combined entity that owns the new factories. In return, Brookfield Asset Management is to own the remainder of the stakes.
Intel (NASDAQ:INTC) Stock: Expansion Plans Bolstered by $30B Landmark Agreement
Intel (INTC) has made an important stride to regain strength in the chip manufacturing space. The company has struck a $30 billion funding agreement with Brookfield Asset Management (BAM). The first-of-its-kind Semiconductor Co-Investment Program will help finance the company''s chip manufacturing expansion plans. Benefits of Intel-Brookfield’s Landmark Agreement Under the terms of the agreement, Intel will fund 51% of the cost of building new chip-making factories in Arizona. In addition, the chip giant will have a controlling stake in the combined entity that owns the new factories. In return, Brookfield Asset Management is to own the remainder of the stakes.