Intel plans to double factory capacity in four years, promises ‘unlimited budget’ for new technologies


Intel told investors Thursday that it will spend whatever it takes to overcome the global chip shortage and restore the company’s technology leadership.

The spending spree, detailed for investment analysts at a meeting in San Francisco, reflects the difficult spot where Intel finds itself.

Its sales barely budged in 2021 as competitors posted gains of more than 60%, its technology lags its rivals, and Intel’s stock was flat last year despite a historic boom on Wall Street.

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