According to a new report, Nomura Equity Intel Corporation (NASDAQ:INTC
According to a new report, Nomura Equity Intel Corporation (NASDAQ:INTC) has shown that it’s willing to become more flexible and that’s exactly what the company needs going forward. One big factor that emerged from the earnings report was the company’s reduction of 2013 capex guidance to $12 billion from $13 billion.
Along with this the company said that it would keep an eye on the metric and reduce it if demand in the PC market declined at a faster rate than it had estimated. A large swathe of the company’s capital expenditure is being put to use repurposing factories in order to allow use of its new 14 nanometer manufacturing process.
The 14nm based chips, and the even smaller evolutions promised in the future, have been hailed by some as the Holy Grail in microprocessor technology, but they won’t do Intel Corporation (NASDAQ:INTC) any good if demand in the PC market slumps quickly and nobody buys them. The company’s admission that it is monitoring the situation was taken as an indication that Intel Corporation (NASDAQ:INTC) is willing to be more flexible, and that’s a good thing for investors.