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05-15 14:52

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Press Release: IREN Closes $3.0 Billion Convertible Notes Offering

2023-10-12

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your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/564407559615232","repostId":"2635772873","repostType":2,"repost":{"id":"2635772873","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1778788860,"share":"https://ttm.financial/m/news/2635772873?lang=en_US&edition=fundamental","pubTime":"2026-05-15 04:01","market":"us","language":"en","title":"Press Release: IREN Closes $3.0 Billion Convertible Notes Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2635772873","media":"Dow Jones","summary":"NEW YORK, May 14, 2026  -- IREN Limited   today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033  in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended .-- $2.6 billion offering, plus fully exercised $400 million greenshoe. -- No put option for investors in the notes (other than a customary put. -- Capped call transactions entered into in connection with the notes, which. are generally expected to provide a hedge upon conversions up to an. The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited <a href=\"https://laohu8.com/S/IREN\">$(IREN)$</a> (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n</p>\n<p>\n     Key details of the transaction \n</p>\n<pre style=\"white-space: pre\">\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs &amp; Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> \n      Securities, LLC and Cantor Fitzgerald &amp; Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities <a href=\"https://laohu8.com/S/USA\">$(USA)$</a> Inc., BTIG, LLC, \n      <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> LLC, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital (USA) Inc. and Moelis &amp; Company \n      LLC acted as co-managers \n</pre>\n<p>\n     Use of proceeds \n</p>\n<p>\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n</p>\n<p>\n     IREN intends to use the net proceeds as follows: \n</p>\n<pre style=\"white-space: pre\">\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n</pre>\n<p>\n     Capped call transactions \n</p>\n<p>\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n</p>\n<p>\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n</p>\n<p>\n     Unwind of existing capped call transactions \n</p>\n<p>\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n</p>\n<p>\n     No registration \n</p>\n<p>\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n</p>\n<p>\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n</p>\n<p>\n     About IREN \n</p>\n<p>\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN's platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. \n</p>\n<p>\n     Contacts \n</p>\n<p>\n     Investors \n</p>\n<p>\n     ir@iren.com \n</p>\n<p>\n     Media \n</p>\n<p>\n     media@iren.com \n</p>\n<p>\n     Forward-Looking Statements \n</p>\n<p>\n     This press release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering and the intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled \"Risk Factors\" in IREN's Annual Report on Form 10-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> for the year ended June 30, 2025 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 16:01 ET (20:01 GMT)\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: IREN Closes $3.0 Billion Convertible Notes Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: IREN Closes $3.0 Billion Convertible Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-15 04:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited <a href=\"https://laohu8.com/S/IREN\">$(IREN)$</a> (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n</p>\n<p>\n     Key details of the transaction \n</p>\n<pre style=\"white-space: pre\">\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs &amp; Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> \n      Securities, LLC and Cantor Fitzgerald &amp; Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities <a href=\"https://laohu8.com/S/USA\">$(USA)$</a> Inc., BTIG, LLC, \n      <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> LLC, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital (USA) Inc. and Moelis &amp; Company \n      LLC acted as co-managers \n</pre>\n<p>\n     Use of proceeds \n</p>\n<p>\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n</p>\n<p>\n     IREN intends to use the net proceeds as follows: \n</p>\n<pre style=\"white-space: pre\">\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n</pre>\n<p>\n     Capped call transactions \n</p>\n<p>\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n</p>\n<p>\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n</p>\n<p>\n     Unwind of existing capped call transactions \n</p>\n<p>\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n</p>\n<p>\n     No registration \n</p>\n<p>\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n</p>\n<p>\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n</p>\n<p>\n     About IREN \n</p>\n<p>\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN's platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. \n</p>\n<p>\n     Contacts \n</p>\n<p>\n     Investors \n</p>\n<p>\n     ir@iren.com \n</p>\n<p>\n     Media \n</p>\n<p>\n     media@iren.com \n</p>\n<p>\n     Forward-Looking Statements \n</p>\n<p>\n     This press release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering and the intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled \"Risk Factors\" in IREN's Annual Report on Form 10-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> for the year ended June 30, 2025 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 16:01 ET (20:01 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IREG":"2倍做多IREN ETF-Leverage Shares","BK4023":"应用软件","BK4516":"特朗普概念","BK4600":"加密货币概念","IREX":"2倍做多IREN ETF-Tradr","IRE":"2倍做多IREN ETF-Defiance","BK4595":"比特币概念","IREZ":"Tradr 2X Short IREN Daily ETF","IREN":"IREN Ltd"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2635772873","content_text":"NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited $(IREN)$ (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n\n\n     Key details of the transaction \n\n\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., Wells Fargo \n      Securities, LLC and Cantor Fitzgerald & Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities $(USA)$ Inc., BTIG, LLC, \n      Canaccord Genuity LLC, Macquarie Capital (USA) Inc. and Moelis & Company \n      LLC acted as co-managers \n\n\n     Use of proceeds \n\n\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n\n\n     IREN intends to use the net proceeds as follows: \n\n\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n\n\n     Capped call transactions \n\n\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n\n\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n\n\n     Unwind of existing capped call transactions \n\n\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n\n\n     No registration \n\n\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n\n\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n\n\n     About IREN \n\n\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN's platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. \n\n\n     Contacts \n\n\n     Investors \n\n\n     ir@iren.com \n\n\n     Media \n\n\n     media@iren.com \n\n\n     Forward-Looking Statements \n\n\n     This press release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering and the intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled \"Risk Factors\" in IREN's Annual Report on Form 10-K for the year ended June 30, 2025 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2026 16:01 ET (20:01 GMT)","news_type":1,"symbols_score_info":{"IREX":0.6,"IREZ":0.6,"IREN":1.98,"IREG":0.6,"IRE":0.6}},"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229670492860472,"gmtCreate":1697113684647,"gmtModify":1697115774329,"author":{"id":"4105302157354420","authorId":"4105302157354420","name":"KSNSG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4105302157354420","authorIdStr":"4105302157354420"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229670492860472","repostId":"2374983026","repostType":2,"repost":{"id":"2374983026","kind":"highlight","pubTimestamp":1697112900,"share":"https://ttm.financial/m/news/2374983026?lang=en_US&edition=fundamental","pubTime":"2023-10-12 20:15","market":"us","language":"en","title":"Intel CEO Needs to Land a Big Customer, and the Clock Is Ticking","url":"https://stock-news.laohu8.com/highlight/detail?id=2374983026","media":"Bloomberg","summary":"Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the","content":"<div>\n<p>Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel CEO Needs to Land a Big Customer, and the Clock Is Ticking</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel CEO Needs to Land a Big Customer, and the Clock Is Ticking\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-12 20:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0557290698.USD":"施罗德环球可持续增长基金","BK4097":"系统软件","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK4514":"搜索引擎","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","INTC":"英特尔","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4516":"特朗普概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0861579265.USD":"联博低波幅策略股票基金A","BK4515":"5G概念","BK4592":"伊斯兰概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC"},"source_url":"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2374983026","content_text":"Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the largest factory-building sprees in chip-industry history, part of an audacious plan to revitalize the Silicon Valley pioneer. But he’s missing a key ingredient: enough paying customers.Gelsinger’s turnaround plan for Intel hinges on it becoming a so-called foundry — a contract manufacturer that makes chips for other companies — and he’s promised Wall Street that he’ll start revealing the names of those customers this year. Even just one big name would help investors justify bidding up Intel shares 47% over the past 12 months, at a time when sales are sliding and the chipmaker’s once-vaunted profit margins have narrowed.Intel CEO Pat Gelsinger has embarked on a record-setting expansion plan.The foundry expansion is the company’s biggest pivot in decades. Intel’s business model since the start has been to design and build its own chips — with names like Pentium, Celeron and Xeon — that would power the world’s computers. But the company lost its technological edge. That led some computer makers to switch to Advanced Micro Devices Inc., and data-center operators even began designing their own chips or turned to Nvidia Corp.Pushing into the foundry market is a chance to show the industry that Intel has restored its manufacturing prowess.“If we’re going to be big, we must, in my view, also be a foundry,” Gelsinger, 62, said in an interview. “We’re starting to land some of our foundry customers right now.”Though Intel hasn’t named a major customer for this business, there have been some early steps. Ericsson AB has committed to making some networking chips in Intel’s factories, and Amazon.com Inc. is considering using it to package semiconductors that are manufactured elsewhere. Qualcomm Inc., meanwhile, is taking a look at chipmaking technology that Intel intends to introduce in 2025.What analysts and investors are waiting for: a flagship customer willing to pay in advance to guarantee supply. If that is indeed coming this year, as Gelsinger has said, the deadline is just a couple months away. One customer, who Gelsinger hasn’t named, has prepaid for future supply, he’s said.“That’s something that people are waiting for,” said Stacy Rasgon, an analyst at Sanford C. Bernstein. But even when the announcement comes, actually posting revenue from such a deal could be years away. “We’ve got a long slog ahead of us,” he said.The chipmaker had dominated its industry for decades before making manufacturing mistakes and losing market share. Intel now has less revenue than Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., and only a fraction of the market capitalization of Nvidia, whose chips have fueled the artificial intelligence boom.Gelsinger, an Intel veteran who left to run VMware Inc., returned to the company in 2021 to get it back on track. His plan is to reclaim technological leadership by 2025. As part of the comeback plan, Intel is building factories in Arizona, Ireland, Israel and Germany. Its biggest bet of all is a new facility in Ohio that it said will become the industry’s largest.It’s been a costly undertaking. Upgrading and expanding factories have wiped out profit and eaten into cash reserves, which once led the industry. The Santa Clara, California-based company has to catch and pass TSMC, whose factories produce the majority of the advanced components designed by Apple Inc., Amazon and Nvidia. It also has to somehow convince longtime competitors that it can be trusted to make their chips.Gelsinger knows this is a huge challenge. He runs the data to see how Intel compares with TSMC and Samsung multiple times in a week. He knows his products aren’t yet “world class.” And he knows companies will only use Intel’s foundry services when the company can prove it has the goods.“We fully realize that we have to earn our way into this business,” Gelsinger said. “Samsung, but particularly TSMC, is really good at this. They’ve been at it for 30 years. I’ve been at it for two years, right? Well, that’s a lot of learnings that we still have to go through.”The expense of outfitting a cutting-edge chip plant is staggering. In Intel’s new Fab 34 in Leixlip, Ireland — currently its most advanced production site — there’s a line of seven ASML Holding NV machines that are so valuable they’re known as “billion-dollar row.” Even the more rudimentary Muratec machines, which run on tracks overhead to move chips around the factory, each cost the equivalent of a new car.In Gelsinger’s favor, demand for the most advanced chip production is only growing. And there’s a desire to spread out the manufacturing so it’s not so concentrated in East Asia.So who could Intel’s marquee foundry customer be? Some investors are hoping it’s Nvidia, according to Bernstein’s Rasgon. Nvidia’s CEO, Jensen Huang, has said that he’s open to the idea.Intel’s longtime rival AMD is another possibility, but a long shot. That company gave up on manufacturing its own chips more than a decade ago. Like Nvidia, it contracts out its manufacturing to TSMC. When recently asked about the possibility of going to her competitor for supply, AMD CEO Lisa Su avoided answering directly and praised the relationship with TSMC.It may be easier to land customers such as Amazon, Alphabet Inc.’s Google or Microsoft Corp. because they don’t have the baggage of competing with Intel, according to Wolfe Research analyst Chris Caso.But any big customer will need assurances that Intel’s manufacturing missteps are behind it, he said.“The challenge that Intel has is that they need to prove to these customers that its manufacturing is on the mend,” he said. “You’re staking your business on it. TSMC has been reliable.”Gelsinger thinks he’s starting to convince naysayers that Intel is back. The rally in the shares this year underscores that. But he acknowledges that he needs to be able to land a big fish.At the end of the day, Gelsinger said, it will come down to whether “Nvidia or Amazon or Google or Microsoft or Qualcomm or Apple” believe they can build a better product with Intel.","news_type":1,"symbols_score_info":{"INTC":1.1}},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947181845,"gmtCreate":1682672049187,"gmtModify":1682672563687,"author":{"id":"4105302157354420","authorId":"4105302157354420","name":"KSNSG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4105302157354420","authorIdStr":"4105302157354420"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947181845","repostId":"2330516478","repostType":2,"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":564407559615232,"gmtCreate":1778827923660,"gmtModify":1778828318046,"author":{"id":"4105302157354420","authorId":"4105302157354420","name":"KSNSG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4105302157354420","idStr":"4105302157354420"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/564407559615232","repostId":"2635772873","repostType":2,"repost":{"id":"2635772873","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1778788860,"share":"https://ttm.financial/m/news/2635772873?lang=en_US&edition=fundamental","pubTime":"2026-05-15 04:01","market":"us","language":"en","title":"Press Release: IREN Closes $3.0 Billion Convertible Notes Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2635772873","media":"Dow Jones","summary":"NEW YORK, May 14, 2026  -- IREN Limited   today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033  in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended .-- $2.6 billion offering, plus fully exercised $400 million greenshoe. -- No put option for investors in the notes (other than a customary put. -- Capped call transactions entered into in connection with the notes, which. are generally expected to provide a hedge upon conversions up to an. The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses.The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited <a href=\"https://laohu8.com/S/IREN\">$(IREN)$</a> (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n</p>\n<p>\n     Key details of the transaction \n</p>\n<pre style=\"white-space: pre\">\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs &amp; Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> \n      Securities, LLC and Cantor Fitzgerald &amp; Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities <a href=\"https://laohu8.com/S/USA\">$(USA)$</a> Inc., BTIG, LLC, \n      <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> LLC, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital (USA) Inc. and Moelis &amp; Company \n      LLC acted as co-managers \n</pre>\n<p>\n     Use of proceeds \n</p>\n<p>\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n</p>\n<p>\n     IREN intends to use the net proceeds as follows: \n</p>\n<pre style=\"white-space: pre\">\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n</pre>\n<p>\n     Capped call transactions \n</p>\n<p>\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n</p>\n<p>\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n</p>\n<p>\n     Unwind of existing capped call transactions \n</p>\n<p>\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n</p>\n<p>\n     No registration \n</p>\n<p>\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n</p>\n<p>\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n</p>\n<p>\n     About IREN \n</p>\n<p>\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN's platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. \n</p>\n<p>\n     Contacts \n</p>\n<p>\n     Investors \n</p>\n<p>\n     ir@iren.com \n</p>\n<p>\n     Media \n</p>\n<p>\n     media@iren.com \n</p>\n<p>\n     Forward-Looking Statements \n</p>\n<p>\n     This press release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering and the intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled \"Risk Factors\" in IREN's Annual Report on Form 10-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> for the year ended June 30, 2025 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 16:01 ET (20:01 GMT)\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: IREN Closes $3.0 Billion Convertible Notes Offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: IREN Closes $3.0 Billion Convertible Notes Offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-15 04:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited <a href=\"https://laohu8.com/S/IREN\">$(IREN)$</a> (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n</p>\n<p>\n     Key details of the transaction \n</p>\n<pre style=\"white-space: pre\">\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs &amp; Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., <a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> \n      Securities, LLC and Cantor Fitzgerald &amp; Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities <a href=\"https://laohu8.com/S/USA\">$(USA)$</a> Inc., BTIG, LLC, \n      <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> LLC, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital (USA) Inc. and Moelis &amp; Company \n      LLC acted as co-managers \n</pre>\n<p>\n     Use of proceeds \n</p>\n<p>\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n</p>\n<p>\n     IREN intends to use the net proceeds as follows: \n</p>\n<pre style=\"white-space: pre\">\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n</pre>\n<p>\n     Capped call transactions \n</p>\n<p>\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n</p>\n<p>\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n</p>\n<p>\n     Unwind of existing capped call transactions \n</p>\n<p>\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n</p>\n<p>\n     No registration \n</p>\n<p>\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n</p>\n<p>\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n</p>\n<p>\n     About IREN \n</p>\n<p>\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN's platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC. \n</p>\n<p>\n     Contacts \n</p>\n<p>\n     Investors \n</p>\n<p>\n     ir@iren.com \n</p>\n<p>\n     Media \n</p>\n<p>\n     media@iren.com \n</p>\n<p>\n     Forward-Looking Statements \n</p>\n<p>\n     This press release includes \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the offering and the intended use of the net proceeds. Forward-looking statements represent IREN's current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN's control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions, risks relating to IREN's business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN's future results to differ materially from any forward-looking statements, see the section entitled \"Risk Factors\" in IREN's Annual Report on Form 10-<a href=\"https://laohu8.com/S/TKKD.SI\">K</a> for the year ended June 30, 2025 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 16:01 ET (20:01 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IREG":"2倍做多IREN ETF-Leverage Shares","BK4023":"应用软件","BK4516":"特朗普概念","BK4600":"加密货币概念","IREX":"2倍做多IREN ETF-Tradr","IRE":"2倍做多IREN ETF-Defiance","BK4595":"比特币概念","IREZ":"Tradr 2X Short IREN Daily ETF","IREN":"IREN Ltd"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2635772873","content_text":"NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- IREN Limited $(IREN)$ (\"IREN\") today announced the closing of its offering of $3.0 billion aggregate principal amount of 1.00% convertible senior notes due 2033 (the \"notes\") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the \"Securities Act\"). \n\n\n     Key details of the transaction \n\n\n   -- $2.6 billion offering, plus fully exercised $400 million greenshoe \n \n   -- Net proceeds of approximately $2.96 billion \n \n   -- 1.00% coupon, 32.5% conversion premium \n \n   -- No put option for investors in the notes (other than a customary put \n      right in the case of certain fundamental changes) \n \n   -- Capped call transactions entered into in connection with the notes, which \n      are generally expected to provide a hedge upon conversions up to an \n      initial cap price of $110.30 per share, which represents a 100% premium \n      (as compared to the 32.5% conversion premium under the notes) \n \n   -- J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Citigroup Global \n      Markets Inc., Jefferies LLC, MUFG Securities Americas Inc., Wells Fargo \n      Securities, LLC and Cantor Fitzgerald & Co. acted as bookrunners \n \n   -- BBVA Securities Inc., Credit Agricole Securities $(USA)$ Inc., BTIG, LLC, \n      Canaccord Genuity LLC, Macquarie Capital (USA) Inc. and Moelis & Company \n      LLC acted as co-managers \n\n\n     Use of proceeds \n\n\n     The net proceeds from the offering are approximately $2.96 billion, after deducting the initial purchasers' discounts and commissions and IREN's estimated offering expenses. \n\n\n     IREN intends to use the net proceeds as follows: \n\n\n   -- $201.3 million to fund the cost of the capped call transactions \n      (described below) \n \n   -- General corporate purposes and working capital \n\n\n     Capped call transactions \n\n\n     In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the \"option counterparties\"). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $110.30 per share, which represents a premium of 100% over the last reported sale price of IREN's ordinary shares of $55.15 per share on May 11, 2026, and is subject to certain adjustments under the terms of the capped call transactions. \n\n\n     The capped call transactions are expected generally to reduce the potential dilution to IREN's ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. \n\n\n     Unwind of existing capped call transactions \n\n\n     In connection with the issuance of IREN's 3.50% Convertible Senior Notes due 2029 (the \"2029 notes\"), IREN entered into capped call transactions (the \"2029 capped call transactions\") with certain financial institutions (the \"2029 option counterparties\"). In November 2025, IREN entered into a transaction pursuant to which a portion of the 2029 notes were equitized (the \"equitized 2029 notes\"). Concurrently with the pricing of the notes, IREN entered into an agreement with one of the 2029 option counterparties to terminate a portion of the 2029 capped call transactions corresponding to a portion of the equitized 2029 notes. \n\n\n     No registration \n\n\n     The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN's ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. \n\n\n     This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN's ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. \n\n\n     About IREN \n\n\n     IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. 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Chief Executive Officer Pat Gelsinger has embarked on one of the","content":"<div>\n<p>Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel CEO Needs to Land a Big Customer, and the Clock Is Ticking</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel CEO Needs to Land a Big Customer, and the Clock Is Ticking\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-12 20:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0557290698.USD":"施罗德环球可持续增长基金","BK4097":"系统软件","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK4514":"搜索引擎","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","INTC":"英特尔","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","BK4516":"特朗普概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0861579265.USD":"联博低波幅策略股票基金A","BK4515":"5G概念","BK4592":"伊斯兰概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC"},"source_url":"https://www.bloomberg.com/news/articles/2023-10-12/intel-intc-ceo-pat-gelsinger-has-yet-to-name-major-foundry-client?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2374983026","content_text":"Wall Street waiting for Gelsinger to name major foundry clientRecord-setting factory build-out hinges on lining up customersIntel Corp. Chief Executive Officer Pat Gelsinger has embarked on one of the largest factory-building sprees in chip-industry history, part of an audacious plan to revitalize the Silicon Valley pioneer. But he’s missing a key ingredient: enough paying customers.Gelsinger’s turnaround plan for Intel hinges on it becoming a so-called foundry — a contract manufacturer that makes chips for other companies — and he’s promised Wall Street that he’ll start revealing the names of those customers this year. Even just one big name would help investors justify bidding up Intel shares 47% over the past 12 months, at a time when sales are sliding and the chipmaker’s once-vaunted profit margins have narrowed.Intel CEO Pat Gelsinger has embarked on a record-setting expansion plan.The foundry expansion is the company’s biggest pivot in decades. Intel’s business model since the start has been to design and build its own chips — with names like Pentium, Celeron and Xeon — that would power the world’s computers. But the company lost its technological edge. That led some computer makers to switch to Advanced Micro Devices Inc., and data-center operators even began designing their own chips or turned to Nvidia Corp.Pushing into the foundry market is a chance to show the industry that Intel has restored its manufacturing prowess.“If we’re going to be big, we must, in my view, also be a foundry,” Gelsinger, 62, said in an interview. “We’re starting to land some of our foundry customers right now.”Though Intel hasn’t named a major customer for this business, there have been some early steps. Ericsson AB has committed to making some networking chips in Intel’s factories, and Amazon.com Inc. is considering using it to package semiconductors that are manufactured elsewhere. Qualcomm Inc., meanwhile, is taking a look at chipmaking technology that Intel intends to introduce in 2025.What analysts and investors are waiting for: a flagship customer willing to pay in advance to guarantee supply. If that is indeed coming this year, as Gelsinger has said, the deadline is just a couple months away. One customer, who Gelsinger hasn’t named, has prepaid for future supply, he’s said.“That’s something that people are waiting for,” said Stacy Rasgon, an analyst at Sanford C. Bernstein. But even when the announcement comes, actually posting revenue from such a deal could be years away. “We’ve got a long slog ahead of us,” he said.The chipmaker had dominated its industry for decades before making manufacturing mistakes and losing market share. Intel now has less revenue than Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., and only a fraction of the market capitalization of Nvidia, whose chips have fueled the artificial intelligence boom.Gelsinger, an Intel veteran who left to run VMware Inc., returned to the company in 2021 to get it back on track. His plan is to reclaim technological leadership by 2025. As part of the comeback plan, Intel is building factories in Arizona, Ireland, Israel and Germany. Its biggest bet of all is a new facility in Ohio that it said will become the industry’s largest.It’s been a costly undertaking. Upgrading and expanding factories have wiped out profit and eaten into cash reserves, which once led the industry. The Santa Clara, California-based company has to catch and pass TSMC, whose factories produce the majority of the advanced components designed by Apple Inc., Amazon and Nvidia. It also has to somehow convince longtime competitors that it can be trusted to make their chips.Gelsinger knows this is a huge challenge. He runs the data to see how Intel compares with TSMC and Samsung multiple times in a week. He knows his products aren’t yet “world class.” And he knows companies will only use Intel’s foundry services when the company can prove it has the goods.“We fully realize that we have to earn our way into this business,” Gelsinger said. “Samsung, but particularly TSMC, is really good at this. They’ve been at it for 30 years. I’ve been at it for two years, right? Well, that’s a lot of learnings that we still have to go through.”The expense of outfitting a cutting-edge chip plant is staggering. In Intel’s new Fab 34 in Leixlip, Ireland — currently its most advanced production site — there’s a line of seven ASML Holding NV machines that are so valuable they’re known as “billion-dollar row.” Even the more rudimentary Muratec machines, which run on tracks overhead to move chips around the factory, each cost the equivalent of a new car.In Gelsinger’s favor, demand for the most advanced chip production is only growing. And there’s a desire to spread out the manufacturing so it’s not so concentrated in East Asia.So who could Intel’s marquee foundry customer be? Some investors are hoping it’s Nvidia, according to Bernstein’s Rasgon. Nvidia’s CEO, Jensen Huang, has said that he’s open to the idea.Intel’s longtime rival AMD is another possibility, but a long shot. That company gave up on manufacturing its own chips more than a decade ago. Like Nvidia, it contracts out its manufacturing to TSMC. When recently asked about the possibility of going to her competitor for supply, AMD CEO Lisa Su avoided answering directly and praised the relationship with TSMC.It may be easier to land customers such as Amazon, Alphabet Inc.’s Google or Microsoft Corp. because they don’t have the baggage of competing with Intel, according to Wolfe Research analyst Chris Caso.But any big customer will need assurances that Intel’s manufacturing missteps are behind it, he said.“The challenge that Intel has is that they need to prove to these customers that its manufacturing is on the mend,” he said. “You’re staking your business on it. TSMC has been reliable.”Gelsinger thinks he’s starting to convince naysayers that Intel is back. The rally in the shares this year underscores that. But he acknowledges that he needs to be able to land a big fish.At the end of the day, Gelsinger said, it will come down to whether “Nvidia or Amazon or Google or Microsoft or Qualcomm or Apple” believe they can build a better product with Intel.","news_type":1,"symbols_score_info":{"INTC":1.1}},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947181845,"gmtCreate":1682672049187,"gmtModify":1682672563687,"author":{"id":"4105302157354420","authorId":"4105302157354420","name":"KSNSG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4105302157354420","idStr":"4105302157354420"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947181845","repostId":"2330516478","repostType":2,"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}