Chips & Compute4 min reading time
Intel raises up to $20bn to fund its foundry bet against TSMC
The Next Web
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Intel has launched a $15 billion stock offering, potentially rising to $20 billion, to fund its foundry business expansion aiming to compete with TSMC. The funds will support new manufacturing facilities and advanced packaging to meet surging AI chip demand and develop its 14A process by 2028, with Tesla confirmed as a customer and potential Apple partnership.
