Intel intends to raise 15 billion dollars through stock sales to support the development of chip production

Intel announced on Monday that it plans to raise 15 billion dollars through stock sales, in order to finance the development of its contract chip manufacturing business.

The American group, the largest producer of processors for personal computers, is facing fierce competition from leaders in the chip industry, such as TSMC, and is investing significantly in new facilities to close the gap with them.

In the pre-opening of the New York Stock Exchange, Intel's shares fell by over 3%, and investors are concerned about the stock sale. Although Intel's shares have seen a greater increase than those of its rivals this year, the stock sale intermediaries include JPMorgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup. This move underscores Intel's efforts to strengthen its position in an increasingly competitive market.