Intel, the world’s main manufacturer of integrated circuits and the creator of microprocessors, which are found in most computers, has signed an agreement with the Canadian asset management company Brookfield Asset Management. It amounts to $ 30 billion. It aims to finance the expansion of the chip factory.
“The agreement with a publicly traded Canadian asset management company is the first in a series of such agreements that Intel is implementing to support activities that are intended to regain an advantage over competitors in Taiwan and South Korea“-” The Wall Street Journal “(WSJ) points out.
According to the agreement that the company’s management describes as the first of its kind in the industry, Intel will finance 51 percent. construction costs for new chip manufacturing facilities at Chandler (in the US state of Arizona) and will have a controlling stake in a financial company that will own the new factories. Proportionally, both companies will share subsequent revenues.
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Cited by WSJ Scott Peak, managing partner of the Brookfield group, said that such transactions are common in industries such as energy and telecommunicationsand are now seeping into the chip industry due to increasing capital needs.
Intel last year announced the construction of two new factories in Arizona, estimating the cost at $ 20 billion. He announced that it can spend up to $ 100 billion. for new factory complexes in Ohio and Germany.
Boston Consulting Group notes that chips are becoming more and more advancedand their circumferences shrink to a thousandth of the width of a human hair. Accordingly, their production has become more expensive. A large, advanced chip factory today can cost more than a modern aircraft carrier or nuclear power plant.
Intel is not alone in its ambitious integrated circuit investment plans. Last year, Taiwan Semiconductor Manufacturing, the world’s largest manufacturer of integrated circuits, announced that it would spend $ 100 billion over three years. to increase production, and South Korean Samsung Electronics has presented a three-year plan to spend over $ 205 billion.