- Intel announced a $15 billion common stock offering on Monday to support skyrocketing customer AI demand.
- Intel highlighted physical AI, purpose-built silicon and advance packaging as major growth areas.
- Technology giants have lifted capital expenditures this year to support the AI infrastructure buildout.
Intel headquarters is seen on July 23, 2026 in Santa Clara, California.
Heather Diehl | Getty Images
Intel announced a $15 billion common stock offering on Monday to support skyrocketing customer demand for artificial intelligence compute
The chipmaker highlighted physical AI, purpose-built silicon and advance packaging among the major growth opportunities and said it will use the funding to support corporate needs, including capital expenditures and working capital
Technology giants have shelled out trillions in recent years to meet insatiable AI demand and the unrelenting infrastructure buildout to support new compute capacity
Several megacap tech companies boosted their capital expenditures on AI demand this earnings season, with spending on track to hit $765 billion this year and $1.2 trillion in 2027, according to estimates from Goldman Sachs. Amazon gave the highest guidance among the group this reporting period, citing the memory crunch
The Intel announcement includes a 30-day option that would allow underwriters to buy an additional $2.25 billion in common stock
Intel stock chart.
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