Intel Plans $15 Billion Common Stock Offering, Shares Drop 3% in Pre-Market
Intel announced plans to issue $15 billion in common stock, with net proceeds for general corporate purposes including capital expenditure and working capital. The company cited strong customer demand driven by AI computing investments and growth opportunities in physical AI, specialty chips, advanced packaging, and external wafer foundry. Following the announcement, Intel's pre-market shares fell 3%.
On August 10, Intel announced it plans to issue $15 billion in common stock. Net proceeds from the offering will be used for general corporate purposes, including capital expenditure and working capital, to support the company's ability to capture future growth opportunities. In a statement, the company said that driven by investments in artificial intelligence computing, customers continue to show strong and sustainable demand signals, and progress in emerging areas such as physical AI, application-specific chips, advanced packaging, and external wafer foundry presents growth opportunities for Intel.
On the same day, Intel's pre-market share price decline widened to 3% in U. S. trading, with the decline occurring after the company announced the common stock offering plan.