Intel is a hive of activity these days, so much so that it's now apparently rushing to fill its heretofore empty clean rooms while aggressively expanding capacity even in a location with relatively lower subsidies/tax credits and a much higher quantum of embedded geopolitical risk - Fab 38 in Israel.
Back in July 2025, Intel had paused the work on its Fab 38 in Kiryat-Gat in Israel, tasking Hoffman Construction to focus on completing the structure for just one of the two planned clean rooms. Well, fast forward just a little over a year, and Hoffman is nearly done with its contractual obligations related to the first clean room, and has updated its Fab 38 page to show "2026" as the year of completion .
And, that's not all. Intel has also just opened up a vacancy for the Site Master Planner and Site Permitting Owner for Kiryat-Gat, which shows that it's getting serious about building the second planned clean room at Fab 38 as well.
This comes as we reported earlier today that Intel is gearing up to sell new shares to raise around $15 billion in fresh capital - later upsized to $20 billion . While Intel has been fairly vague as to the exact purpose for which it is raising this new capital, the company does note that the "offering is intended to further enable Intel to pursue the growth opportunities ahead while maintaining a strong balance sheet and its commitment to an investment-grade rating."
Critically though, Lip-Bu Tan has repeatedly stated that he would only greenlight significant expansion of Intel's foundry after locking in confirmed deals for the bleeding-edge 14A process node. This then provides one of the clearest signs that we have received so far as to the commercial viability of the14A process, especially as Intel already has around $30 billion in cash, which seemingly precludes the need to raise new capital for miscellaneous purposes.
When you combine all of these disparate developments, one conclusion becomes crystal-clear: Intel is firing up on all cylinders.
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