Intel upsized its stock offering to $20 billion to fund its AI chip manufacturing push

The chipmaker priced 210 million shares at $95 each, up from a $15 billion offering announced the day before

Intel on Tuesday said it would increase the size of its offering of new shares by an additional $5 billion to $20 billion.

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

Intel Increases Size of Stock Offering to Raise $20 Billion  WSJ

Intel said on Monday it was 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.

Intel said it would likely use the cash for investments to take advantage of the huge spending underway on artificial-intelligence technology.

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

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.

Aug 10 : Intel is planning to raise $15 billion through a share sale, the U.S. chipmaker said on Monday 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 the dominant force in the global chip industry, Intel is inves

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