Intel plans $15B stock offering with $2.3B extra-share option

TL;DR

• Intel proposed a $15 billion underwritten public offering of common stock.
• The underwriters are J.P. Morgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets.
• The underwriters have a 30-day option to buy up to an additional $2.3 billion in shares.
• Intel said the net proceeds will support general corporate purposes, including working capital and capital expenditures.
• Intel said the offering is intended to help preserve its investment-grade credit rating during heavy infrastructure investment.

Intel proposed a $15 billion underwritten public offering of common stock, according to a Mobile World Live report published in March 2025. Intel said the sale would bolster its balance sheet and fund expansion in AI and semiconductor markets.

Intel named J.P. Morgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets as underwriters for the offering. Intel also said the underwriters would have a 30-day option to purchase up to an additional $2.3 billion in shares.

Intel said the net proceeds would be used for general corporate purposes, including working capital and capital expenditures. Intel said the additional capital would support investment tied to demand for AI compute power, physical AI, purpose-built silicon, advanced packaging, and external wafers, and help preserve its investment-grade credit rating during a period of heavy infrastructure investment.

Related questions

• How much stock is Intel proposing to sell?
• Which banks are underwriting Intel's stock offering?
• What will Intel use the proceeds from the offering for?