The semiconductor giant seeks $15 billion in fresh capital to fund its manufacturing expansion amid a market rally.
Intel announced plans to raise $15 billion through a new share sale, aiming to accelerate investment in its chip-manufacturing capabilities. The move follows a strong year-to-date rally in its stock, driven by optimism around its turnaround strategy.
The company has been expanding its foundry business and upgrading production facilities to compete with rivals like TSMC and Samsung. Analysts note the capital raise may test investor appetite amid concerns over potential dilution.
No immediate market reaction was disclosed, though the offering could weigh on shares in the near term.