Intel Corp. is negotiating with several large investors about selling new shares at a discounted price, according to people familiar with the talks cited by CNBC. The chipmaker is seeking fresh capital as it pours billions of dollars into reviving its manufacturing capabilities and expanding its nascent contract-foundry business. The discussions come just days after SoftBank Group agreed to inject roughly $2 billion into Intel at about $23 a share, giving the Japanese conglomerate a stake of just under 2%. In parallel, U.S. Commerce Secretary Howard Lutnick has said Washington wants to secure as much as a 10% equity position in Intel in exchange for the roughly $8 billion in CHIPS Act grants the company has been awarded. Intel’s push for additional funding underscores the financial strain caused by years of market-share losses to Taiwan Semiconductor Manufacturing and Nvidia’s dominance in artificial-intelligence chips. Intel shares fell as much as 7% in morning New York trading on Wednesday after the funding talks were reported.