00:00Intel is looking to raise $15 billion through a new stock offering,
00:04taking advantage of a dramatic rally in its shares as demand for AI computing accelerates.
00:10The chipmaker says the proceeds will help fund capital spending and working capital as it
00:16expands its manufacturing and foundry operations to compete with industry leader TSMC.
00:21Intel has also raised its 2026 capital spending forecast to more than $20 billion,
00:27signaling confidence that AI-driven demand will continue.
00:31The offering comes after Intel's stock has surged sharply this year,
00:36although shares fell in pre-market trading following news of the sale.
Comments