New Delhi, Aug. 11 -- Intel Corporation has increased the size of its previously announced public offering of common stock to USD 20 billion from USD 15 billion, as the chipmaker looks to raise funds for general corporate purposes, including capital expenditure and working capital.

Intel said it has priced the underwritten public offering at USD 95 per share, with 210,526,315 shares of common stock being offered. The offering is expected to close on August 12, subject to customary closing conditions.

In an official statement on Tuesday, the company said "The offering was upsized to USD 20 billion from the previously announced offering size of USD 15 billion".

Intel said the offering is expected to generate approximately USD 19.7 billio...