Tag: intel
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Intel Announces $20 Billion Common Stock Offering
566BIntel priced an underwritten public offering of 210,526,315 shares at $95 per share, upsizing the offering from the previously announced $15 billion to $20 billion. The offering is expected to close on August 12, 2026, with net proceeds of approximately $19.7 billion after underwriting discounts and expenses, to be used for general corporate purposes including capital expenditures and working capital. J.P. Morgan, Goldman Sachs, Morgan Stanley, and Citigroup are serving as joint book-running managers, alongside additional book-running managers and co-managers.
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Intel Gamer Days 2026 launches with AAA game bundle partnerships
560BIntel announced its 2026 Gamer Days campaign on August 10, featuring a retail bundle (running through September 13) that includes digital copies of Tomb Raider: Legacy of Atlantis and STAR WARS: Galactic Racer with qualifying Intel Core, Core Ultra, or Arc Graphics purchases. Intel is the official launch partner for both games, with STAR WARS: Galactic Racer releasing October 6, 2026, and Tomb Raider: Legacy of Atlantis on February 12, 2027, both featuring XeSS 3 support at launch. A Collector's Edition giveaway for both titles runs through September 10.
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Intel announces $15 billion common stock offering
506BIntel announced an underwritten public offering of $15 billion in common stock on August 10, 2026. Net proceeds will be used for general corporate purposes, including capital expenditures and working capital, while maintaining a strong balance sheet and investment-grade rating. Underwriters have been granted a 30-day option to purchase up to $2.25 billion in additional shares. J.P. Morgan Securities, Goldman Sachs, Morgan Stanley, and Citigroup Global Markets are acting as joint book-running managers.
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Intel appoints Dean Jarnac as chief sales officer
424BIntel announced the appointment of Dean Jarnac as executive vice president and chief sales officer on August 7, 2026. Jarnac joins from Marvell, where he served as chief sales officer, and brings more than 30 years of semiconductor industry experience from previous roles at Broadcom and AMD. He will report directly to CEO Lip-Bu Tan and join Intel in September. Greg Ernst is leaving Intel after 27 years with the company.
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Intel launches Semiconductor Education Pathways Program for workforce development
641BIntel announced the Semiconductor Education Pathways Program (SEPP), an Intel-funded initiative designed to build a semiconductor talent pipeline through investments in K-12 education, post-secondary institutions, and career pathways. SEPP supports five core areas: K-12 STEM and Career Technical Education, student experiential learning, curriculum development, faculty development, and graduate scholarships. The program operates across Arizona, New Mexico, Ohio and Oregon and includes undergraduate research experiences, faculty training programs, community college transfer pathways, student design challenges, and educator externships.