Intel launches a $15B stock offering to fund AI chip expansion

Intel said it will raise $15 billion through a public stock offering to support its growth plans, including capital spending and working capital, as demand for AI computing fuels expansion across its chip business. The company said the money may help fund areas such as AI silicon, advanced packaging, and manufacturing capacity, making the deal a key part of its push to capitalize on the AI boom. Intel shares fell after the announcement, and the offering underscores how expensive it is for the chipmaker to scale up its production and compete in the fast-growing AI market.