Intel Plans $15 Billion Share Sale to Finance Foundry Expansion
Intel plans a $15 billion equity offering, with an additional $2.25 billion underwriter option, as it funds manufacturing expansion and its effort to compete with TSMC in contract chip production.
Why it matters: The offering is a major financing event for Intel’s foundry turnaround and shows how capital-intensive the semiconductor race has become as AI demand expands.
Intel plans to raise $15 billion through a new share offering as the semiconductor company accelerates spending on manufacturing capacity and its effort to compete with TSMC in contract chip production. Underwriters will also have an option to purchase up to an additional $2.25 billion of stock. Intel has increased its 2026 capital-expenditure forecast as AI infrastructure and agent workloads pressure manufacturing capacity. The company is simultaneously trying to establish Intel Foundry as a major alternative to TSMC and has committed to high-volume production using its advanced 14A process in 2028. The capital raise gives Intel additional funding for fabrication plants, advanced packaging and process development, while diluting existing shareholders.