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Intel plans $15 billion share sale
Intel announced its plan to raise $15 billion through a new stock offering, aimed at funding its expansion in third-party chip manufacturing, especially as demand for processors increases due to their reliance on artificial intelligence. This comes after Intel's stock price has tripled so far this year, driven by new projects and technologies, with the company raising its capital expenditure forecast to $20 billion this year. Additionally, Intel is investing $5.77 billion to expand its plant in Ireland and is seeking to acquire major clients such as Tesla and potentially collaborate with Apple, in an effort to strengthen its competitive position in the chip manufacturing market.
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