Intel is said to near share sale upsize to raise $20 billion

AI Summary

Intel is expected to raise approximately $20 billion through a share sale, potentially pricing shares around $95 or more, which is higher than the initial target. The offering aims to strengthen the chipmaker's financial position amid growing market interest.

The chipmaker is poised to price the offering at around $95 per share or above — a third more than it was targeting when it announced the deal Monday morning.