ChipsThe Next Webabout 1 hour ago
Intel raises up to $20bn for foundry bet
1 min read
Intel announced a $15bn common-stock offering, expandable to $20bn, priced near $95 a share. Proceeds fund its foundry arm against TSMC, with 2026 capital spending raised to $20bn. Tesla is a 14A customer; demand reportedly exceeded $100bn. Shares fell 4-5% on dilution.
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