Intel Corporation has increased the size of its previously announced public offering of common stock to $20 billion from $15 billion, as the chipmaker looks to raise funds for general corporate purposes

Proceeds intended to support general corporate purposes, including capital expenditures and working capital.

Intel plans to raise $15 billion through a common stock sale to fund AI and chip manufacturing expansion, building on $15.9B in prior

Intel shares fell over 5% after the semiconductor giant announced a $15 billion common stock offering to fund capital needs and support AI-driven growth opportunities. The…