Intel Boosts Stock Offering to $20 Billion to Fund Chip Expansion

Intel is expanding production to meet surging demand—but there will be a price to pay for shareholders.

Intel is increasing its planned equity offering as the chipmaker invests heavily in expanding production capacity. [Photo: We Are Intel Facebok]

The chipmaker now plans to raise $20 billion through a stock offering, up from the $15 billion it originally planned, Adam Clark and George Glover reported for Barron’s Daily.

Intel said it would increase the offering in a press release after Monday’s close.

The company now plans to issue 210.5 million shares at $95 apiece, about 6.5% below where the stock was trading at the start of the week. Shares dropped 4.1% to close at $97.52 on Monday after Intel disclosed its initial $15 billion fundraising plan.

That gave the company a market capitalization of about $492 billion.

Intel is taking advantage of its surging share price. The stock was a Barron’s pick for 2026 and was up more than 160% this year through Monday’s close, although it had fallen 19% over the previous three months.

The company needs the cash as it pours money into expanding chip production. Intel reported cumulative negative free cash flow of $44 billion from 2022 through 2025.

The company also said on its earnings call that it was raising its 2026 capital-expenditure estimate to more than $20 billion, from about $18 billion, as it works to meet rising demand.