Intel plans $15 billion share sale as turnaround rally lifts stock

Intel plans $15 billion share sale as turnaround rally lifts stock  Reuters

Chinese tech firms raised $217 billion through IPOs and bond sales over two years, but still trail U.S. peers by more than 6-to-1

Intel on Monday said it is planning to raise US$15 billion through a share sale, 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.

Technology giants have shelled out trillions to support insatiable AI demand and the infrastructure buildout.

Intel to Offer $15 Billion of Common Stock  WSJ

The company said it sees growth opportunities in physical AI, custom chips and advanced packaging.

Aug 10 : Intel on Monday said it is planning to raise $15 billion through a share sale, 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 ne