Intel upsizes share offering to $20 B, adds $19.7 B for growth
Intel priced its underwritten public offering at $95 per share, expanding the deal from $15 B to $20 B and granting underwriters an option for extra shares. The net proceeds—about $19.7 B after fees—will fund general corporate purposes, including capital expenditures for its AI and manufacturing roadmap. The offering closes Aug 12, 2026.