Intel's AI-driven semiconductor revival

Intel expands stock offering to $20 billion amid AI investment push

Intel announced a $15 billion stock offering before upsizing it to $20 billion on the same day.

On August 10, 2026, Intel announced a $15 billion stock offering and increased the amount to $20 billion on the same day due to high demand. The company priced approximately 210.53 million new shares at $95 each, representing a 6.5% discount to the previous Friday's closing price.

The offering is expected to generate approximately $19.7 billion in net proceeds after underwriting discounts and expenses. Intel intends to use the capital for general corporate purposes, which may include capital expenditures and working capital, specifically to expand its chip contract manufacturing foundry business.

The share sale reportedly attracted $100 billion in demand. If underwriters exercise their 30-day option to buy additional shares, the total gross proceeds could rise to approximately $23 billion.

Intel's market capitalization reached an all-time high of $673 billion on June 20, 2026.

On June 20, 2026, Intel's market capitalization reached an all-time high of $673 billion.

Intel's share price more than quintupled over the prior twelve months due to CEO Lip-Bu Tan's restructuring.

Over the twelve months leading up to July 2025, Intel's share price more than quintupled. This substantial growth was attributed to the restructuring efforts led by CEO Lip-Bu Tan.