Intel plans to raise $15B by selling shares of common stock

Intel is preparing to sell $15 billion worth of common stock, a move that would rank among the largest equity raises in semiconductor history. The offering comes at a time when the company has already absorbed billions in strategic investments and is pouring capital into chip fabrication and artificial intelligence. A company flush with ambition and capital needs Intel’s 2026 capital expenditure guidance has been raised to north of $20 billion, a figure that reflects the sheer expense of building cutting-edge chip fabrication facilities. The US government took a 9.9% stake in 2025, purchasing 433.3 million shares at $20.47 each in a deal worth $8.9 billion. That investment came through the CHIPS Act, Washington’s bet that domestic semiconductor manufacturing is a matter of national security, not just corporate strategy. Nvidia and SoftBank also joined the party in 2025, contributing $5 billion and $2 billion respectively. Nvidia’s investment was structured as a private placement. The stock’s wild ride Intel shares have been trading above $100 as of mid-2026, pushing Intel’s market capitalization past $500 billion. Intel reported Q2 2026 revenue of $16.13 billion, a 25.4% jump compa...