Intel Raises $15 Billion in Stock Offering to Fund AI Chip and Foundry Expansion
Intel announced a $15 billion common-stock offering on August 10, 2026, its first public share sale since going public in 1971. The company plans to use the proceeds to fund capital expenditures and working capital as it competes with TSMC in advanced chip manufacturing. Underwriters hold an option to purchase an additional $2.25 billion in shares.
Intel Corporation announced a $15 billion common-stock offering on August 10, 2026, its first public share sale since the company went public in 1971.
The offering is managed by J.P. Morgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets. Underwriters hold a 30-day option to purchase an additional $2.25 billion in shares. Intel did not disclose the final offering price or share count at the time of the announcement.
The company said proceeds will fund general corporate purposes, specifically increased capital expenditures and working capital. Intel raised its 2026 capital spending forecast to approximately $20 billion to meet demand for AI computing and custom silicon.
The capital is intended to help Intel compete with TSMC in advanced chip manufacturing. Intel's foundry segment has reported significant revenue but has faced operating losses. The company is expanding clean-room space, investing in advanced packaging, and working to attract external customers to its manufacturing services.
The announcement led to a decline in Intel's share price in premarket trading as investors reacted to potential dilution of existing holdings.
The offering follows a series of previous financial moves, including government grants through the CHIPS Act and private placements from Nvidia and SoftBank. Analysts noted the equity raise marks a departure from Intel's recent reliance on debt and internal cash flows.
Intel is also competing with AMD, which recently acquired Taalas, a startup specializing in inference-optimized silicon.
