๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐: $Intel(INTC.US) Intel Launches $๐ญ๐ฑ Billion Stock Offering as Dan Niles Sees Major Foundry Win Near
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐๐ป๐๐ฒ๐น launches an underwritten $๐ญ๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป common stock offering.โค Greenshoe option could increase total proceeds to $๐ญ๐ณ.๐ฎ๐ฑ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค Offering could dilute existing shareholders by approximately ๐ฏ%โ๐ฏ.๐ฐ%.โค Proceeds target ๐ฝ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐๐, advanced packaging, silicon, and external wafers.โค ๐๐ฎ๐ป ๐ก๐ถ๐น๐ฒ๐ sees the raise signaling potential major foundry customers.โค Intel increased ๐ฎ๐ฌ๐ฎ๐ฒ capex forecast from $๐ญ๐ด billion to $๐ฎ๐ฌ billion.โค Intel targets high-volume manufacturing for its ๐๐ป๐๐ฒ๐น ๐ญ๐ฐ๐ node in 2028.โค Q2 revenue rose ๐ฎ๐ฑ% year-over-year to $๐ญ๐ฒ.๐ญ ๐ฏ๐ถ๐น๐น๐ถ๐ผ๐ป.โค Reuters reported ๐ง๐ฒ๐๐น๐ฎ as a 14A customer; Intel hasn't confirmed it.โค Intel holds $๐ฎ๐ต.๐ณ billion cash/investments against $๐ฐ๐ด.๐ฑ billion total debt.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค A major ๐๐ป๐๐ฒ๐น ๐ญ๐ฐ๐ customer could validate Intel's foundry turnaround strategy.โค New capital could fund substantial capacity for ๐ฒ๐ ๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐๐ฎ๐ณ๐ฒ๐ฟ production.โค Successful foundry scaling could materially reshape Intel's ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐บ๐ถ๐ .โค Near-term shareholder ๐ฑ๐ถ๐น๐๐๐ถ๐ผ๐ป is balanced against potential long-term foundry growth.โค Intel's expansion strengthens strategic ๐จ.๐ฆ. ๐ฑ๐ผ๐บ๐ฒ๐๐๐ถ๐ฐ semiconductor manufacturing capacity.๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐ ๐ฆ๐๐ฎ๐๐ฒ๐บ๐ฒ๐ป๐๐:๐๐ฎ๐ป ๐ก๐ถ๐น๐ฒ๐, Founder of Niles Investment Management:"close to signing up one or more major foundry customers, which is very capital intensive, and they need a lot more capacity to ramp it.""This offering today increases my conviction they are on the path to being 'super successful.'"๐๐ฎ๐๐ถ๐ฑ ๐ญ๐ถ๐ป๐๐ป๐ฒ๐ฟ, CFO of Intel:"We feel like we're in a really good place from a balance sheet perspective. We have over $30 billion of cash. We have a $10 billion revolver,""if we're super successful, which we're driving to, we may need to tap the capital markets to driveโฆsome more investment."๐๐ฒ๐ป ๐๐ฎ๐ท๐ฎ๐ฟ๐ถ๐ป, CEO and Principal Analyst at Creative Strategies:"[t] ell me you have an external wafer customer without telling me you have an external wafer customer."The copyright of this article belongs to the original author/organization.
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