Intel Raises $20 Billion in Upsized Share Sale to Fund Foundry Push
Intel expects to net about $19.7 billion from the sale as it funds capital spending and working capital for foundry expansion.
5 Articles
5 Articles
Intel raises $20 billion in upsized share sale to fund foundry push
Intel (INTC.O) raised $20 billion from an upsized share offering earlier this week, as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts. Once a dominant force in the global chip industry, Intel is investing heavily in new facilities […]
The supply, which started at USD 15 billion on August 10, rose after exceeding USD 100 billion in investor demand. It is the first operation of this type since the company went on the stock market in 1971.
Intel Shares Gain 3.6% in After-Hours as $20 Billion Offering Brings 4.2% Dilution Challenge
SANTA CLARA, California, August 13, 2026, 19:12 EDT — U.S. stock exchanges had finished trading for the day. Trading continued in after-hours sessions. Intel ended the session at $104.56, gaining 3.58%, and later advanced to $105.46 in after-hours trade. The $20 billion sale increases the share count by 4.18% compared to the previous total. Analysts…
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