Intel has raised $20bn in its first share sale since 1971, as surging investor demand pushed the chipmaker to upsize the offering by a third.
Intel has raised $20bn in its first share sale since 1971, as the chipmaker moves to fund a major expansion into artificial intelligence manufacturing.
Priced at $95 a share on Monday, the deal was upsized by a third from an initial $15bn after drawing more than $100bn in demand, according to Bloomberg – a sign of how strongly investors continue to back companies in the AI supply chain.
The move is a shift in direction for a company that spent $82bn buying back its own stock in the 2010s. Under CEO Lip-Bu Tan, who has prioritised financial discipline since taking over, Intel’s shares are up some 164pc this year, after a torrid few years.
Proceeds will fund Intel’s capital expenditure programme, which the company raised to $20bn for 2026 in July, driven by surging demand for central processing units as AI agents proliferate.
