Basis

$20.0B — 210.5M shares at $95/share, upsized from an initial $15B announcement (08-10) to $20B on pricing (08-11); explicitly to fund the foundry buildout, stacked on top of the existing CHIPS Act government equity stake

Hypothesized recipients 3

This claim's own source names no external recipient. Separate public reporting suggests some of who the money likely went to — not confirmed, not summed into the total above.

• Intel (foundry construction (fab capex — Foundry/IFS division)) → AEP Ohio (Green Chapel Station substation)hypothesis

  $95.0M — AEP Ohio built a $95M, 500-megawatt substation ('Green Chapel Station') specifically for Intel's New Albany, Ohio fab; now sitting idle due to Intel's construction delay, with Meta separately seeking to draw power from it instead.

• Intel (foundry construction (fab capex — Foundry/IFS division)) → Bechtel Corp.hypothesis

  General contractor for Phase 1 of Intel's New Albany, Ohio fab -- 2.5M sq ft including 600,000 sq ft of cleanrooms; no dollar figure disclosed for Bechtel's own contract.

• Intel (foundry construction (fab capex — Foundry/IFS division)) → Hoffman Construction Co.hypothesis

  General contractor for Intel's Fab 52 and Fab 62 in Chandler, Arizona; Fab 52 (~$5B, 2.9M sq ft, project total not Hoffman-specific) was ENR's 2025 Project of the Year. Jacobs Engineering is the project designer.

Threads 4

• Intel Rescue open
• ASML — the EUV Monopoly open
• GlobalFoundries — the Capex Reversal open
• CHIPS Equity Pivot open