top of page

INTEL PLANS $15 BILLION SHARE SALE AS TURNAROUND RALLY LIFTS STOCKS

  • NEWS Desk Global
  • 2 hours ago
  • 1 min read

Intel said on Monday it was planning to raise $15 billion through a share sale, as it looks to fund the costly build-out ​of its chip contract manufacturing business by cashing in on a stock surge ‌fueled by its turnaround efforts.

Once a dominant force in the global chip industry, Intel is investing heavily in new facilities and advanced packaging capabilities as it seeks to challenge industry leaders such as TSMC in ​contract chip manufacturing.

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.
bottom of page