Intel to Sell $15 Billion in Shares to Fund AI Development

Intel plans to raise $15 billion through a targeted share placement, with proceeds going toward general corporate purposes, including working capital and capital expenditures, as well as AI development and advanced chip packaging technologies. The company mentions 'physical AI' and robotics, along with specialized semiconductor components. This move mirrors a broader trend of U.S. tech companies investing heavily in AI infrastructure, with a projected $765 billion this year and $1.2 trillion next year. Intel reported a 25% revenue increase last quarter, the highest in 15 years, and plans to raise capital expenditures to $20 billion this year, mainly for chip manufacturing equipment. The share sale allows subscribers to buy an additional $2.25 billion worth of shares within 30 days. Intel's stock fell over 4% on the news.