Intel prices $20B stock offering at $95/share, upsized from $15B

INTEL CORP

Priced 210,526,315 shares at $95.00/share, raising ~$20B; upsized from $15B.
Underwriters exercised 30-day option in full for 31,578,947 additional shares on Aug 11.
Net proceeds ~$19.7B (excl. option); for capex, working capital, general corporate purposes.
Offering closed Aug 12, 2026; led by J.P. Morgan, Goldman Sachs, Morgan Stanley, Citigroup.
Company cites strong AI compute demand; aims to maintain investment-grade rating.

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