finance.yahoo.com

Intel Raises $20B Via Expanded Stock Offering to Scale Foundry

Intel logoIntel
Sig3.44Sen+2.86Env0.00Soc0.00Gov0.00

Intel may be gaining momentum in its contract-chipmaking push as it raised $20 billion through an expanded stock offering, after targeting $15 billion, with an underwriting option that could take gross proceeds to $23 billion. The financing supports higher spending on manufacturing capacity and advanced chips, and an analyst expects foundry breakeven in Q4 2027 and margin gains in 2028.

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