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Home » Intel » Intel (NASDAQ:INTC) CEO: HAS REDUCED ITS CAPACITY CAPEX BUDGET

Intel (NASDAQ:INTC) CEO: HAS REDUCED ITS CAPACITY CAPEX BUDGET

By legume / February 23, 2023 / Intel

Intel (NASDAQ:INTC) CEO: HAS REDUCED ITS CAPACITY CAPEX BUDGET AND IS STILL INVESTING IN TECHNOLOGY AND FOUNDRY. There will be no “billions or tens of billions of dollars” of capital investment in plant equipment until a “stronger customer commitment” is obtained.

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