Intel raises US$20 billion from expanded stock sale
Revived chipmaker investing heavily in new facilities and capabilities to challenge rivals.
Intel secured an additional US$20 billion from a larger stock sale on August 11, as the company aims to fund its expanding chip contract manufacturing business. The tech giant's turnaround efforts have fueled a surge in its stock price, which has nearly trebled so far in 2026, outperforming rivals AMD and Nvidia and the Philadelphia Semiconductor Index's nearly 75% rise.
Intel priced the offering at US$95 a share, marked a 2.6% discount to the previous close. Following the announcement, Intel's shares fell more than 4% to US$97.52, but they have since recovered. Intel's surging share price has made the equity raise a more attractive prospect, according to analysts. The company's capital expenditure forecast for 2026 has been increased from US$18 billion to US$20 billion, as it seeks to meet the growing demand for central processing units, which has outpaced Intel's manufacturing capacity.
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Also reported by 1 other outlet
- Intel now says it is selling $20 billion of stock marketwatch.com
