Intel Rethinks Near-Term Spending Plans Amid Economic Uncertainty

Intel Corp. is adjusting some near-term spending plans, joining other tech companies in reassessing priorities amid global economic uncertainty.

Intel said Wednesday that “prioritization in our spending will help us weather macroeconomic uncertainty, execute on our strategy and meet our commitments to customers, shareholders, and employees.” America’s largest chip maker by sales also said that it sees itself at the start of a long-term growth cycle for the semiconductor industry.

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