Intel announced a $20 billion common stock offering (upsized from $15 billion) priced at $95 per share, raising net...

Intel announced a $20 billion common stock offering (upsized from $15 billion) priced at $95 per share, raising net proceeds of $19.7 billion. The offering, Intel's first stock sale since 1971, was met with $100 billion in demand according to Tom's Hardware. CNBC reports the funds will support capital expenditures, working capital, and AI projects including the delayed Ohio fab. Intel also hiked 2026 capex guidance to $20 billion, with CFO David Zinsner noting a "meaningful increase" expected in 2027.

The latest 10-Q (SEC filing) shows a net loss of $3.74 billion on revenue of $25.53 billion, with revenue growth described as the fastest in nearly 15 years. The loss reflects aggressive spending on factory tooling.

Semafor reveals CEO Lip-Bu Tan personally briefed Commerce Secretary Howard Lutnick, who approved the sale though the government declined to participate. The US holds a 9.9% stake whose taxpayer returns are up 375% since purchase a year ago. Meanwhile, Digitimes reports Intel's Israel fab is "stirring back to life" as 14A production looms, though unconfirmed. FT notes investors are banking on a comeback.

A prediction market (Manifold) shows a 96.5% probability that Tesla announced a formal Intel partnership for AI chip fab by June 30, 2026, though no official press release has been seen.

What the sources said:

• CNBC: "Intel announced on Tuesday it had upsized its previously announced common stock offering to $20 billion, with an offer price of $95 per share."
• Semafor: "But Lutnick approved of the idea... It's a vote of confidence in Intel's turnaround and a sign that Intel can sustain itself with private money."
• Digitimes: "Intel's Israel fab stirs back to life, but case for 14A remains unconfirmed."
• Tom's Hardware: The share sale attracted "$100 billion in demand."

This marks a major equity injection to fund Intel's foundry capacity expansion, intensifying competition with TSMC and positioning Intel for AI-era manufacturing. The direction is up for Intel's strategic position, despite near-term dilution and net losses.