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Intel increases capital spending to over US$10 billion for 2011
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On the back of announcing first-quarter revenue reached an all-time record for Intel of US$12.9 billion, the semiconductor market leader has raised capital spending plans by over US$1 billion to US$10.2 billion, plus or minus US$400 million.
Intel had previously announced in January, 2011 that it was doubling CapEx to US$9.0 billion this year, up from US$5.2 billion in 2010.
At the beginning of the year, Intel highlighted that its massive spending spree was to account for new R&D and manufacturing fabs as well as migrating to the 22nm node later in the year.
