Technology

Intel Raises $20 Billion From Upsized Share Sale

Shivangi

Aug 11, 2026 11:56 PM IST

Category Technology

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Synopsis

Intel raised $20 billion from an upsized share offering priced at $95 per share as it expands its chip manufacturing business and invests in new facilities.

Key Highlights

• Intel increased its share offering size to raise $20 billion.
• The offering is priced at $95 per share, a 2.6% discount to the prior close.
• Intel will use the proceeds to finance already planned investment into growing its contract chip manufacturing business.
• In July, Intel had raised its 2026 capital spending outlook to $20 billion.

Intel pulled in $20 billion through an upsized share offering on Tuesday as it attempts to bolster the company by growing its chip contract manufacturing business.

Intel set the price of the offering at $95 a share, or 2.6% below Wednesday’s close. The chipmaker had announced on Monday its goal of raising $15 billion with the share sale.

Intel is putting resources into a new office and progressing bundling as it tries to have one foot on the ball in opposition to silicon producers like TSMC.

Intel Expands Chip Manufacturing

Intel’s stock is up almost threefold this year, but dropped more than 4% on Monday. It has outperformed AMD and Nvidia in the stock market

With the migration to AI agents, demand for central processing units has surged, which is now pushing demand above Intel’s manufacturing capabilities. In July, the company increased its capital spending outlook for 2026 to $20 billion from about $18 billion.

Intel announced earlier in the year that it had secured a major external customer which led to its decision last month to move forward with high-volume production of chips from its 14A manufacturing process in 2028.

It has landed a 14A customer called Tesla for its foundry business, etc. Enthusiasm for another big customer gained traction after U.S. President Donald Trump mentioned that Apple would also make some processors together with Intel, although actually neither company confirmed it.

Intel announced last month a €5 billion ($5.77 billion) investment to modernise and expand semiconductor facilities in Ireland The project accounts for over a quarter of its projected capital spending in 2026.

JPMorgan Securities, Goldman Sachs, Morgan Stanley and Citigroup Global Markets are the joint book-running managers.

Source: Reuters