Tuesday, 11 August, 2026
Fueling the AI Surge: Intel Secures $20B in Mega Stock Offering
By TechShots Studio
Cashing in on a massive stock recovery driven by its ongoing turnaround, Intel raised $20 billion in an upsized share sale—up from an initial $15 billion target. Pricing 210.5 million shares at $95 each, the semiconductor giant plans to use the proceeds to fund higher capital expenditures, expand manufacturing capacity, and accelerate its foundry build-out to compete with leaders like TSMC.