Intel sells $15 billion in stock, its first public share sale since going public in 1971

4:00 PM ET · August 11, 2026

Intel said it will sell $15 billion of common stock in an underwritten public offering, marking the chipmaker’s first public share sale since it listed in 1971. Underwriters have a 30 day option to purchase an additional $2.25 billion in stock, which could push the total raise toward $17.25 billion. Based on the stock’s recent closing price, the base offering implies roughly 154 million new shares and about 3.1% dilution for existing shareholders. Intel says it will use the proceeds for general corporate purposes, including capital expenditures, as it works to expand manufacturing capacity for AI focused and purpose built silicon. The $15 billion figure represents roughly 75% of the company’s projected $20 billion capital budget for the year. The move follows a run of AI driven capital raising across the chip sector and comes as Intel tries to convince investors it can capture a meaningful share of AI compute demand after years of ceding ground to NVIDIA and other rivals. Intel framed the sale as a sign of confidence in sustained AI demand rather than financial distress, though the scale of the raise, and the dilution that comes with it, drew a mixed reaction from investors weighing growth prospects against near term earnings impact.