Intel announced a $15 billion offering of common stock to help meet accelerating customer demand for artificial intelligence computing power.
Intel said in an announcement the proceeds will support capital expenditures and working capital, and highlighted growth areas including physical AI, purpose-built silicon and advanced packaging.
The deal includes a 30-day option that would allow underwriters to buy an additional $2.25 billion of common stock, and the company framed the raise as a way to preserve financial flexibility while scaling AI-related capacity.
Intel shares fell 4% in morning trading after the announcement.
The offering follows a period in which Intel said it posted the fastest revenue growth in nearly 15 years and hiked capital expenditures guidance to $20 billion, with the stock having surged 175% in 2026 amid investor enthusiasm and broader industry capex forecasts of $765 billion this year and $1.2 trillion in 2027 from Goldman Sachs.
The move also comes after strategic injections of capital that backed the company's manufacturing push, including a reported 10% equity stake by the U.S. government, and fits Intel’s longer-term IDM 2.0 and foundry expansion strategy to capture AI infrastructure demand.
“We are bracing for a meaningful increase in 2027,” finance chief David Zinsner said.
