New Delhi, Aug. 10 -- SANTA CLARA, Calif. - Intel Corp. (INTC) reported its strongest revenue growth in more than a decade and immediately asked shareholders to absorb dilution. The chipmaker said Sunday it plans to sell roughly $15 billion of common stock in a public offering, potentially the first public share sale in the company's history since it went public in 1971. Shares fell 5 percent to $96.97 on Monday.

The offering could expand to $17.25 billion if underwriters exercise their option to purchase additional shares. It arrives 72 hours after Intel posted second-quarter revenue of $16.1 billion, a 25 percent increase from a year earlier that marked the strongest annual growth rate the company has produced in at least 15 years. Chi...