Intel CFO Stacy Smith said in an interview with Fox Business that while the chip giant is suffering from the economic downturn along with everyone else, the company sees it as a perfect opportunity to gain a bigger competitive advantage over AMD. Smith explains Intel typically has a three-quarter lead over the rest of the market, and would love to get it up to six quarters with new investments:
Now, Smith said Intel is “going forward with pretty significant investments,” including $5 billion in capital spending this year, to try to boost its advantage over competitors. He asserted that other companies in the arena are cutting spending, and Intel sees this as the perfect time to increase its dominant position in the sector. Advanced Micro Devices is normally considered Intel's biggest rival in the field.
Smith said Intel typically has a three-quarter lead over the rest of the market, and “would love to get it up to six quarters” with these investments.