Mentioned:
Intel is raising their largest equity round ever. But, why?
What’s happening:
- Intel (NASDAQ: INTC) has publicly stated they are raising $20B USD in a new equity financing round
By the numbers:
- Intel will raise $20B USD at $95.00 USD per share
Why it matters:
- This is the single largest equity financing round that Intel has ever done
Going deeper:
- Intel plans to use he new growth capital to expand their foundry manufacturing build out and scale up chip production to meet the growing demand for artificial intelligence workloads
- Intel’s Chief Executive Officer Lip-Bu Tan and a family member are personally investing $12M USD in Intel’s new equity financing round
The intrigue:
- Nvidia (NASDAQ: NVDA) previously made major waves on Wall Street when they invested $5B USD into Intel at $23.28 USD per share
