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Intel plans $15 billion share sale as turnaround rally lifts stock

💰 Intel Plans $15 Billion Share Sale as Turnaround

Published by OOPSONLINE.IN · Source: Reuters · 1 min read · · Updated

What actually happened

Intel said on Monday it was planning to raise $15 billion through a share sale, as it looks to fund the costly build-out ​of its chip contract manufacturing business by cashing in on a stock surge ‌fueled by its turnaround efforts.

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