Intel plans £12.9 billion share sale to fund chip expansion
Intel is raising about £12.9 billion through a share sale, aiming to fund its expensive plans to build more chip contract manufacturing plants. The company's shares have nearly tripled this year, allowing it to cash in on the rally to challenge rivals like TSMC. The funding will help meet booming demand for CPUs, with Intel executives saying orders have outstripped its production capacity.
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