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