Intel launches $15 bln share sale to fund chip contract manufacturing expansion

Published Aug 10, 12:05 PM UTC

Intel announced on August 10, 2026, a plan to raise $15 billion through a share sale to fund the costly expansion of its chip contract manufacturing business, aiming to challenge industry leader TSMC. The U.S. chipmaker is capitalizing on a stock surge driven by its turnaround efforts, with shares more than doubling this year. However, the stock fell over 3% in premarket trading amid concerns over shareholder dilution. Intel will grant underwriters a 30-day option to purchase up to $2.25 billion in additional shares. JPMorgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets are joint book-running managers for the offering.