Intel taps $15B equity raise to fund its chip-making push as shares surge

Intel said it plans to raise about $15 billion by selling new shares to help fund its expensive foundry expansion, riding a year-to-date stock rally that has nearly tripled the shares and outpaced peers; the funds would bolster higher capex, 14A manufacturing by 2028, and customers like Tesla, with underwriters allowed to buy up to $2.25 billion more shares.