Intel Continues Investments Despite US Recession

Intel Continues Investments Despite US Recession

Intel has announced it will continue to invest in products and services despite the ongoing US economy slump.


The company incurred $38.3 billion  in revenue last year and shelled out $5.8 billion on research and development. Intel also spent $5 billion on capital items such as property, plants, and equipment.



Intel's chairman Craig Barrett, said, "You can't save your way out of a recession, you have to invest your way out, and so we've always kept a rainy day plan to accommodate that." He also added that Intel's creditworthiness signified its ability to make acquisitions whenever there's a chance regardless of financial setbacks in the US economy. 



Intel is the world's leading chip manufacturer. Over 80% of the personal computers in use around the world today are based on Intel Architecture microprocessors. The company recorded a 10% increase in revenue from 2006 to 2007. The operating profit of the company was $8,216 million during fiscal year 2007, an increase of 45.4% over 2006. The net profit was $6,976 million in fiscal year 2007, an increase of 38.3% over 2006.