Intel plans to sell $15 billion worth of stock following a 400% rise in its share price over the past year, according to MarketWatch.
The chipmaker said it sees growth opportunities in three areas: physical AI, custom chips, and advanced packaging. The stock sale would let Intel raise significant capital while its shares trade at elevated levels compared to a year ago.
Physical AI refers to systems that interact with the real world, such as robotics and autonomous vehicles, as opposed to purely software-based AI applications. Custom chips are designed for specific customers or workloads rather than sold as general-purpose processors. Advanced packaging refers to manufacturing techniques that allow multiple chips to be combined in a single unit, improving performance and efficiency.
Intel did not provide further detail on how it plans to deploy the proceeds, according to MarketWatch. The offering comes as semiconductor companies across the industry have been investing heavily to capture demand driven by artificial intelligence.
