Intel upsizes stock offering to $20 billion at $95 per share as AI demand accelerates

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

The chipmaker is poised to price the offering at around $95 per share or above — a third more than it was targeting when it announced the deal Monday morning.

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

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.

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

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

Berkshire's report suggested that it had added more than $24 billion worth of commercial, industrial and other stocks to its portfolio.