Intel Launches $15 Billion Stock Offering in First Public Share Sale Since 1971 IPO

Intel announced a $15 billion underwritten public offering of common stock on Monday, what Bloomberg described as its first public share sale since the chipmaker listed in 1971, sending shares down roughly 4.5% to 5% on the news. The company said proceeds will be used for general corporate purposes including capital expenditures and working capital, framing the raise as a move to pursue AI-driven growth opportunities while maintaining its investment-grade credit rating. Intel cited strong and sustainable customer demand driven by unprecedented investment in AI compute, as well as growth prospects in physical AI, purpose-built silicon, advanced packaging and external wafers.

The share price decline reflects investor concern over dilution from the offering's scale, though Intel's leadership positioned the capital raise as a strategic step in its ongoing comeback.