Intel to raise $15 billion via stock sale for chip manufacturing growth
Intel is looking to generate $15 billion by selling shares to support the expensive growth of its chip contract manufacturing division. The firm is putting money into modern facilities and sophisticated packaging technology to challenge TSMC in the contract chip production market. Intel might set the share price at $95 or higher, which is roughly 2.6% lower than the $97.52 closing price from Monday.
by shortkt.com✓