WSJ Tech News Briefing · Tuesday, August 11, 2026
Intel announced plans to raise $20 billion through a public stock offering, increasing its previous target of $15 billion. The company attributes the need for capital to strong customer demand fueled by significant investments in AI compute.
“And Intel now plans to raise $20 billion by way of an underwritten public offering of 210.5 million shares, priced at $95 each.”
“That comes just a day after the company said it would aim to raise $15 billion.”
“Intel intends to use the net proceeds for general corporate purposes and cited strong customer demand driven by unprecedented investment in AI compute.”