Intel priced the offering at US$95 per share, a discount of 2.6% from the previous closeIntel’s deal shows the resilience of investor demand for stocks along the AI supply chain. PHOTO: REUTERS[NEW YORK] Intel raised US$20 billion from an upsized share offering on Tuesday (Aug 11), as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fuelled by its turnaround efforts. Intel priced the offering at US$95 per share, which was a discount of 2.6 per cent from the previous close. The chipmaker said on Monday it aimed to raise $15 billion through the share sale. Last month, Intel announced a 5 billion euro (US$5.77 billion) investment to upgrade and expand chip manufacturing in Ireland, a project that represents more than 25 per cent of its planned 2026 capital spending.