A total $30 billion will be spent on building chip factories in Arizona by Intel and Brookfield.
On Tuesday, Intel Corp and Canadian investment firm Brookfield Asset Management announced a $30 billion combined funding commitment for Intel’s cutting-edge chip facilities in Arizona. This month, President Biden gave his signature to the CHIPS and Science Act, which allocates $52.7 billion in subsidies for the production and research of semiconductors in the United States. The infrastructure unit of Brookfield will invest up to $15 billion into the expansion project