Intel plans to raise $15 billion through a common stock offering as demand for artificial intelligence computing continues to accelerate, the chipmaker announced Monday.
The company said the proceeds will support corporate needs, including capital spending and working capital. Intel identified physical AI, specialized chips and advanced packaging as key growth opportunities.
Industrywide AI spending is also climbing. Goldman Sachs estimates major technology companies will spend about $765 billion this year and $1.2 trillion in 2027.
Intel shares have surged 175% in 2026, helped by the AI infrastructure boom and the U.S. government’s 10% stake in the company.
The offering also includes an option allowing underwriters to purchase an additional $2.25 billion in shares.
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Intel said it will be offering $15 billion in common stock, taking advantage of renewed interest in its business prospects during the artificial intelligence data center boom https://t.co/Hk2RY47s4X
— Bloomberg (@business) August 10, 2026
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