Intel Enters Semiconductor Co-Investment Agreement

August 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Intel Corporation (NASDAQ:INTC) (Santa Clara, California) said Tuesday it has entered a definitive agreement with Brookfield Infrastructure Partners LP (NYSE:BIP) (Toronto, Ontario) that sets up a co-investment program in order to build out Intel's semiconductor manufacturing plants. The agreement includes a joint investment of up to $30 billion in Intel's expansion at its Ocotillo semiconductor manufacturing campus in Chandler, Arizona, just as President Joe Biden recently signed the CHIPS Act that includes billions in funding for U.S. chip manufacturers. Industrial Info is tracking more than $40 billion worth of Intel projects in the U.S.