Intel has increased the size of its planned stock offering to $20 billion from $15 billion, pricing the new shares at $95 each as the chipmaker seeks additional funding for its expansion plans. The company is investing heavily in chip manufacturing and other capacity as demand for AI computing continues to grow.
Intel has increased the size of its planned common-stock offering to $20 billion from $15 billion, giving the chipmaker additional capital as it expands its manufacturing operations and invests to capture growing demand linked to artificial intelligence.
The company said Tuesday that it priced the offering at $95 per share, with a total of 210.5 million shares being sold. The deal is expected to close on Wednesday, subject to customary closing conditions.
Intel had initially announced the $15 billion offering on Monday, citing strong and sustained customer demand driven by increased investment in AI computing. The company said opportunities in areas including physical AI, specialized chips, advanced packaging and external wafer manufacturing could support its growth.
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The proceeds will be used for general corporate purposes, including potential capital expenditures and working capital. Intel said the additional funding is intended to support its growth opportunities while maintaining its balance sheet and investment-grade credit rating.
The larger share sale comes as Intel commits significant resources to rebuilding and expanding its chip manufacturing business. Reuters reported that the company has raised its 2026 capital expenditure forecast to $20 billion from $18 billion amid stronger demand associated with AI. Intel has also announced a €5 billion ($5.77 billion) expansion in Ireland.
Intel's shares have rallied sharply this year, creating a favorable environment for the company to raise equity capital. Reuters reported that the stock had nearly tripled in 2026, outperforming several major semiconductor companies and the Philadelphia Semiconductor Index.
The offering also gives underwriters a 30-day option to purchase up to 31.6 million additional shares at $95 each, less underwriting discounts.
Intel is seeking to strengthen its position in contract chip manufacturing as it competes with established foundry players. The company expects its 14A process to enter mass production in 2028, with Tesla confirmed as a customer and potential interest from Apple, according to Reuters.
The enlarged offering provides Intel with more funding for its capital-intensive expansion as the company seeks to turn rising AI-related demand into longer-term growth.
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