As its transformation strategy drives a surge in stock price, U.S. chip manufacturer Intel is seeking to raise funds to expand its foundry operations, planning to issue $15 billion (approximately NT$483.6 billion) worth of new shares. According to Reuters, Intel, once the global leader in semiconductors, is now heavily investing in new factories and advanced packaging capabilities to challenge industry leaders like TSMC in the foundry market. Intel's pre-market stock price fell more than 3%, possibly due to market concerns over share dilution from the new stock issuance. Intel's stock has more than doubled this year, outperforming its peers. JPMorgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets will serve as joint bookrunners for Intel's stock offering. More exclusive Wind Media insights: ‧ TSMC, Beware! Latest Intel EMIB Update: Yield Approaching 90%, Cost Half of CoWoS ‧ Taiwan Power Outage Cost More Than Just Wafer Fab Shutdown? Former Intel CEO Warns: Global Disaster Will Surpass Great Depression ‧ TSMC Too Big to Fight at Sea! Intel's 'Advanced Packaging' Rises – Dr. Wei Cheers: It Can Share Our Load

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  • Source: PR Times
  • Category: Funding