The Santa Clara chipmaker could raise up to $17.25 billion as underwriters weigh a 30-day option for extra shares.

Thoma Bravo has backed down in a lender standoff over a roughly $5 billion Proofpoint loan, putting fresh pressure on private-equity software financing.

A state notice shows Intel will cut 103 positions across four Santa Clara facilities; affected employees will be offered up to six months of outplacement support.