Intel files $15 billion stock offering to fund AI infrastructure expansion

Intel announced a massive $15 billion common stock offering as the chipmaker seeks to raise fresh capital to meet surging global demand for artificial intelligence (AI) processors and advanced foundry capacity. The equity raise includes a 30-day option allowing underwriters to purchase up to an additional $2.25 billion in common stock, potentially pushing total gross proceeds above $17 billion, as per CNBC.

Funding physical AI and next-gen packaging