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Intel to sell $15 billion in shares
Intel announced plans to raise $15 billion through a stock sale, aiming to fund its expansion in manufacturing chips for third parties. The company's stock has benefited from a significant surge, with its price tripling over the current year, boosting prospects for increasing capital to finance its growth strategies—especially amid rising demand for processors and the market's need for higher production using advanced manufacturing technologies. Intel intends to produce chips using "14A" technology by 2028, continues signing contracts with major companies like Tesla and Apple, and is expanding its investments in factories in Ireland with a value of $5.77 billion.
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