Intel Corp (NASDAQ:INTC) CEO Lip-Bu Tan is investing $12 million of his own capital in the chipmaker’s newly upsized $20 billion stock offering, a move that Futurum Group CEO Daniel Newman sees as a strong vote of confidence.
Lip-Bu Tan Invests $12 Million in Intel Stock Offering
According to a prospectus supplement filed with the Securities and Exchange Commission Wednesday, Tan and one family member agreed to purchase a combined $12 million of Intel shares as part of the offering.
Intel priced 210,526,315 shares at $95 each on Tuesday, increasing the offering to $20 billion from the $15 billion announced a day earlier and granting underwriters a 30-day option to purchase an additional 31,578,947 shares.
Newman highlighted Tan’s investment on X, writing that "Lip Bu Tan investing $12 million of his own capital into the current $INTC raise should be viewed as a strong sign of confidence in Intel’s future."
"I always love to see founders and execs put their own risk capital into deals," Newman added.
Intel’s AI Push Gets Fresh Funding
The capital raise comes shortly after Intel reported its strongest revenue growth in years.
Intel’s second-quarter revenue reached $16.13 billion, up 25% year over year, while adjusted earnings came in at 42 cents per share, topping Wall Street expectations.
The company forecast third-quarter revenue of $15.8 billion to $16.8 billion and adjusted earnings of 38 cents per share.
Previously, the company cited strong AI data center demand as a key growth driver and increased its 2026 capital spending forecast to $20 billion from $18 billion.
Price Action: Intel closed at $100.95 on Wednesday, up 3.32%. The shares rose 0.21% to $101.17 in after-hours trading, according to Benzinga Pro.
According to Benzinga Edge Rankings, INTC has a positive price trend rating over the medium and long term, but a negative rating in the short term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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