Intel seeks capital to build next Irish wafer fab, says report

Intel seeks capital to build next Irish wafer fab, says report

Business news |
By Peter Clarke

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Chip maker Intel Corp. is seeking at least US$2 billion in equity funding to help fund a wafer fab in Ireland, according to a Bloomberg report.

The processor chip vendor is working with a financial advisor and trying to solicit interest the report said referencing unnamed sources. If true it appears Intel wants to follow a similar model to that adopted in the US in 2022 (see Intel unveils Brookfield semiconductor co-investment program).

Back in 2022 Intel introduced its Semiconductor Co-Investment Program (SCIP) Intel and persuaded the infrastructure affiliate of Brookfield Asset Management to put up nearly half the capital expenditure on a manufacturing expansion in Arizona.

The companies agreed jointly invest up to $30 billion at Intel’s Ocotillo campus in Chandler, Arizona, with Intel funding 51 percent and Brookfield funding 49 percent of the total project cost. Under the deal Intel retained majority ownership and operating control of two wafer fabs in Chandler, being built to support long-term demand for Intel’s own chip products and to provide capacity for Intel Foundry Services (IFS) customers.

Intel already employs nearly 5,000 people at a wafer fab campus in Leixlip, Ireland. It is not clear whether Brookfield is one of those being asked to contribute towards Intel’s proposed expansion there or has turned down the opportunity.

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