TradingKey — On August 13 Eastern Time, Intel (INTC) saw its stock price break above the $105 mark. The catalyst behind the stock’s rally is Intel’s recently announced $20 billion financing plan.

UBS stated that the $20 billion financing plan announced by Intel this week has likely eliminated the long-standing uncertainty hanging over its stock price. The bank’s analyst Timothy Arcuri pointed out that, combined with the prepayments and financial commitments attached to several foundry agreements Intel is finalizing—with Google believed to have partnered on EMIB-T technology, Apple involved in M-series chips, alongside AMD, SpaceX, and potential other clients—this round of financing is sufficient to support the continued capital…