A $20 Billion Reason to Buy Intel Stock as Its Biggest Comeback Gets Real Intel's recent stock offering has raised a staggering $20 billion, a move that marks a significant milestone in the company's long awaited turnaround story.
This influx of capital will fund Intel's manufacturing expansion and transformation into a major external foundry.
The chipmaker's financial performance has been improving, with revenue exceeding $16 billion in its second quarter earnings call – a feat not achieved in over 15 years.