Intel Corporation (INTC)[Tv]

Key Developments

• U.S. government acquires a 9.9%–10% nonvoting equity stake in Intel, marking a historic transformation of the company into a national strategic asset and unlocking unprecedented confidence in its role in U.S. semiconductor sovereignty—this is the most consequential move in Intel’s modern history.
• Intel’s Q2 2026 earnings beat with $16.13 billion in revenue (+25% YoY) and $0.42 adjusted EPS (100% beat), driven by a 59% surge in Data Center & AI revenue and a 31% rise in Foundry Services, signaling a genuine operational turnaround.
• Intel successfully upsized its $20 billion equity offering to $20 billion, priced at $95 per share and fully subscribed—confirming strong investor demand and enabling aggressive investment in 18A node scaling and foundry expansion.
• First named external foundry deal with Fortinet for manufacturing its next-gen Security Processor 6—a foundational milestone proving Intel Foundry can win high-value, niche contracts against TSMC.
• Formation of the Terafab joint venture with Tesla and SpaceX, even if non-binding, repositions Intel as a core player in sovereign U.S. chip manufacturing, potentially unlocking future revenue and mission-critical infrastructure access.

Critical News