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Intel Upsizes Stock Offering to $20B for Manufacturing and AI Turnaround

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Sig3.20Sen+1.40Env0.00Soc0.00Gov0.00

Intel upsized its planned equity offering, pricing 210.5 million shares at $95 to raise about $19.7 billion net, with underwriters able to buy an additional 31.6 million shares. The larger sale increases dilution versus shares outstanding and is intended to fund an expensive foundry and AI turnaround, with progress tied to yields, customer wins, demand, and cash generation.

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