Intel raises $19.7 billion to help fund future projects as 14A production looms — share sale attracted $100 billion in demand, report claims
Intel is raising $19.7 billion through a stock offering to strengthen its finances as it expands manufacturing capacity, develops next-generation process technologies, and is trying to attract major external foundry customers.
Intel plans to raise $19.7 billion through the sale of new common stock to fund future projects, such as building new production capacity and developing next-generation process technologies like 14A. Bloomberg reports that the share sale attracted $100 billion in demand, with Intel issuing 210.5 million shares at $95 per share. Participating banks have up to 31.6 million additional shares they can purchase at the same price, potentially increasing funds to $23 billion.
After expenses and underwriting discounts, Intel expects to net approximately $19.7 billion. The transaction is set to close on August 12, 2026. This cash infusion will help Intel compete with industry giants such as TSMC and Samsung, who invest billions annually in new fabs and advanced process technologies. Intel's market capitalization has surged from around $90 billion to $491 billion, making it a suitable time for the share sale.
The company has not allocated the raised funds to specific projects, instead allowing them to be used across various operations, including capital expenditures and working capital. Intel is actively expanding its fabrication facilities, including Fab 52 in Arizona and a yet-to-be-built complex in Ohio, which is expected to cost over $100 billion.
The company's plans for the advanced Intel 14A process technology, scheduled to enter mass production in 2028, underscore the importance of securing ample production capacity to win major contracts from external foundry customers.
Written by urgent.news from Tom's Hardware's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
