Intel

Intel priced the offering at US$95 per share, a discount of 2.6% from the previous close

Tech giant is looking to fund the build-out of its chip contract manufacturing business

It will raise its capital expenditure forecast for this year from US$18 billion to US$20 billion

The high numerical aperture equipment costs around US$400 million

It pairs Intel’s bid to rebuild credibility as a chipmaker with Apple’s search for more manufacturing capacity

The partnership helps Apple to diversify its manufacturing base as it seeks additional chip capacity

The chipmaker has secured billions of US dollars of investments from the Trump administration, Nvidia and SoftBank

The companies will explore work on custom chips and system integration solutions

This will push their paper losses to more than US$12 billion, says data analytics firm S3 Partners