Intel Corporation announced and priced a $20 billion underwritten public offering of common stock, upsize from an initial $15 billion proposal. The company issued 210,526,315 shares at $95.00 per share on August 10, 2026, with net proceeds estimated at approximately $19.7 billion after underwriting discounts and expenses. Underwriters exercised their full option to purchase an additional 31,578,947 shares on August 11, 2026, bringing the total offering size to the upsized amount. The transaction is expected to close on August 12, 2026, with proceeds designated for general corporate purposes, including capital expenditures and working capital. Intel designs and manufactures advanced semiconductors that connect and power the modern world.
