**[Citrini's View: Intel's Stock Offering Sends Positive Signal, Foundry and EMIB Businesses Continue to Advance]** BlockBeats News, August 14 – Citrini analyst Jukan pointed out that the latest research report from Guosen Securities Overseas Electronics believes Intel's $20 billion stock offering sends a positive signal. CEO Chen Liwu and his family directly subscribed for approximately $12 million, reflecting management's confidence in the company's prospects. Guosen Securities reiterated its "Buy" rating for Intel and maintained a target price of $136, while raising its 2026 and 2027 EPS forecasts by 3% and 1%, respectively. Jukan cited the research report, noting that the size of Intel's stock offering was increased from the initial $15 billion to $20 billion, with institutional demand reportedly exceeding $100 billion. The offering price was set at $95, and the overallotment option was fully exercised. Guosen Securities believes management's subscription is likely to further support Intel's capital expenditures in 2027. The report predicts that Intel's foundry business will achieve breakeven in Q4 2027, with profit margin leverage further improving in 2028. The current yield for 18A is estimated at approximately 80%, and Clearwater Forest has entered the mass production ramp-up phase. Progress on Apple's 14A high-volume production is also noteworthy. Additionally, the EMIB customer base continues to expand. AWS Trainium3 is expected to adopt EMIB-T in 2027, while Google's Humufish/Triggerfish is projected to enter the scale expansion phase between the second half of 2027 and 2028. AWS and Microsoft's ASICs may also adopt EMIB in 2028. Based on this, Guosen Securities has raised its revenue forecasts for Intel's backend business to $1.1 billion in 2027 and $7 billion in 2028. After accounting for the dilutive effects of the stock offering, the $136 target price remains unchanged. [Original Link]