SAN FRANCISCO—Intel Corp. said Thursday (Jan. 19) it would spend between $12.1 billion and $12.9 billion on capital spending in 2012, a higher-than-expected forecast that comes as a pleasant surprise to semiconductor manufacturing tool suppliers.
Intel (Santa Clara, Calif.) spent about $10.5 billion on capital spending in 2011. Some observers expected that total would be lower for 2012.
Industry wide, semiconductor capital spending is expected to be about $51.8 billion, down 16.9 percent from 2011, according to market research firm IC Insights Inc. Fellow market watcher Gartner Inc. forecasts total semiconductor industry capital spending to be $51.7 billion this year.
Wonder if 12-13 billion buys about the same amount as 10 billion last year, if the newer equipment is more expensive (vendors charging more per unit in anticipation of overall reduced demand, for example).