Intel plans to raise $20 billion through its stock offering, up from its original goal. Shares slipped early Tuesday as investors considered the fundraising terms.
Late Monday, the company announced it would increase the offering to $20 billion from $15 billion. It plans to issue 210.5 million shares at $95 each.
Shares rose a bit in premarket trading Tuesday, after falling 4.1% on Monday when Intel first announced the fundraising plan. The company’s market value was about $492 billion after that drop.
Intel seems to be taking advantage of its strong stock performance to raise money. The shares, named as one of Barron’s picks for 2026, have climbed over 160% this year through Monday, but dropped 19% in the last three months. The extra cash is needed for ongoing investments in chip production. On its latest earnings call, Intel said it would raise its 2026 capital spending estimate to over $20 billion, up from about $18 billion, to meet growing demand.
FactSet expects Intel’s free cash flow to stay slightly negative this year, after a total negative $44 billion from 2022 to 2025. Still, the company is investing heavily, hoping its current and next-generation chip manufacturing will bring in outside customers and help balance losses in its foundry business.
