Intel spending 20 percent more on CapEx this year

Posted on Friday, Apr 28 2017 @ 11:40 CEST by Thomas De Maesschalck
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As part of its first quarter earnings release, Intel revealed it will be investing a lot more money this year. The company's capital expenditure is expected to swell 20 percent to a level of $12 billion. CEO Brian Krzanich attributes the big increase to the ramp up of the company's memory factories:
The increase is “unique, but my guess is we may have to continue it for one more year or so as we build out that memory factory, but I don’t see it continuing,” beyond 2018, said Brian Krzanich, chief executive of Intel on a call with analysts.

Krzanich did not clarify whether he meant the Dalian, China, fab where Intel is ramping 3D NAND or the Lehi, Idaho, fab where it makes 3DXP with Micron. Bob Swan, Intel’s CFO, said Intel will spend $2.5 billion in capex for memory this year.
Via: EE Times

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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