Intel Upsizes Stock Offering to $20 Billion at $95 Per Share Amid Surging AI Demand

Intel on Tuesday priced an upsized public offering of 210,526,315 shares of common stock at $95 per share, raising the total to $20 billion after initially announcing a $15 billion offering the prior day. The chipmaker added $5 billion to the deal in response to skyrocketing customer demand for artificial intelligence, with net proceeds expected to reach approximately $19.7 billion after underwriting discounts and fees, assuming underwriters do not exercise their 30-day option to purchase up to an additional 31,578,947 shares. The offering is set to close on August 12, 2026.

Analyst Dan Niles predicted the capital raise signals that major foundry deals are imminent for Intel, suggesting the proceeds will support significant expansions of its contract manufacturing business.