Intel raises $19.7 billion in stock sale for chip expansion

Intel raised $19.7 billion through a stock offering to fund manufacturing expansion and its next-generation 14A process node, as it looks to attract external foundry customers. The report claims the sale attracted $100 billion in investor demand.

Why it matters: Intel drawing outsized demand for a share sale suggests investors still see a path for it as a credible alternative chip foundry amid soaring AI-driven demand for advanced manufacturing capacity, most of which currently flows to TSMC and Samsung.