Yesterday,
@intel completed our planned capital raise of $20B in one of the largest follow-on equity offerings on record. With strong support from targeted long-term sovereign funds, fundamental growth and institutional investors, specialty hedge funds and retail investors, the round was oversubscribed >5X our initial goal.
Many thanks to our underwriters JP Morgan, Goldman Sachs, Morgan Stanley and Citigroup for their excellent support. With this additional capital, Intel is now well positioned to meet the tremendous growth opportunity ahead of us in advanced node wafer manufacturing, advanced packaging and the massive CPU demand. We remain laser focused on execution across all our businesses.
Along with the full support of our Board, my leadership team and I are fully committed to delivering strong returns to our shareholders in the coming years and to building a new and vibrant Intel.