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American technology giant Intel increased its share offering and raised a record $20 billion to fund a major expansion of contract chip manufacturing and take on Taiwan’s TSMC!
The key points of Intel’s large-scale expansion:
🔹 Offering price: Shares were offered at $95 per share (initially aiming to raise $15 billion, but demand exceeded expectations).
🔹 3x growth: Since the start of the year, Intel’s share value has jumped nearly threefold amid demand for AI chips, outperforming AMD and Nvidia in terms of momentum.
🔹 Big customers: Tesla has already become a key customer for the future 14A process technology (mass production launch in 2028). According to media reports, an advance agreement with Apple has also been reached.
🔹 European investments: €5 billion was allocated to modernize production in Ireland.
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