Intel struck an unusual $30 billion financing partnership with Brookfield Asset Management to help fund ambitions for a massive manufacturing expansion, signaling some big investors are optimistic about long-term demand for semiconductors. From the report: The deal with the publicly traded Canadian asset management firm is the first in a series of such deals Intel is pursuing to support CEO Pat Gelsinger’s quest to make the company a leading contract chip maker and regain its manufacturing edge over rivals in Taiwan and South Korea. Under the deal, which company executives called the first of its kind in the industry, Intel will finance 51% of the cost of building the new chip manufacturing facilities in Chandler, Arizona, and will have a controlling interest in the financial vehicle that will own the new factories, the chief said. Intel CFO David Zinsner. Brookfield will own the rest of the equity, and the companies will share revenues generated from the plants, he added.

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