Intel's recent stock sale has drawn more than $100 billion in investor bids, according to a report from IT之家. The final size of the offering could surpass $20 billion, the report said, citing unnamed sources.
The fundraising push comes as Intel looks to expand its chip production capacity, with a focus on AI-related manufacturing. IT之家 reports that the offering has been heavily oversubscribed, with roughly one-third of interested buyers failing to receive any shares, according to a separate report from Sina News.
The scale of the deal is notable for Intel, marking what Sina News described as the company's largest single equity raise in 55 years. The stock sale follows a period of strong performance for Intel's shares, which have tripled in value, according to a report from Phoenix New Media.
Intel's move to raise capital is aimed at funding an aggressive expansion of its chipmaking operations, a strategy driven by surging demand for AI processors. The company has positioned the fundraising as a way to scale up production and compete more effectively in the AI chip market, per reports from Driver China.
The offering's success signals strong investor confidence in Intel's turnaround plans, even as the company faces intense competition in the AI sector. The final size of the raise, once confirmed, will be a key indicator of how much firepower Intel has to fund its manufacturing ambitions.
What to watch next: whether Intel confirms the final offering size and how it allocates the new capital toward AI chip production.
