Intel ($INTC) announced a $15 billion underwritten public offering of common stock as the chipmaker seeks additional capital to fund investment amid rising AI-related demand. Intel said proceeds may support capital expenditures and working capital, citing opportunities in physical AI, purpose-built silicon, advanced packaging and external wafer manufacturing.
- Intel expects to grant underwriters a 30-day option to purchase up to an additional $2.25 billion of shares.
- Intel shares have nearly tripled in 2026, recently trading around $101.65.
- Data center segment revenue rose 59% last quarter, more than twice Intel's overall revenue growth rate.
- JPMorgan, Goldman Sachs, Morgan Stanley and Citigroup are joint book-running managers.
- Intel said the offering will help fund growth while maintaining its investment-grade rating and disciplined capital deployment.
Relevant Companies
- Intel ($INTC) - The offering could raise $15 billion, or up to $17.25 billion if the underwriters' option is fully exercised.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
