By Dylan McGrath, EETimes
September 28, 2018
SAN FRANCISCO — Seeking to allay fears of revenue shortfall amid tight supply, Intel said Friday that the company believes it has the supply to meet its full-year sales target of $69.5 billion. The company also reiterated plans to increase its capital spending for the year to a record $15 billion and to be in volume production of 10nm chips next year.
In an open letter published on Intel's website Friday, Bob Swann, Intel's interim CEO, said the company increased capital spending includes an additional $1 billion to be spent on increasing 14nm capacity at Intel Fabs in Oregon, Arizona, Ireland and Israel. Swann said the increased spending and other efficiencies is increasing Intel's supply to respond to customer demand.