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.
Earlier this week, foundry giant TSMC said it expects to spend about $6 billion on capital expenditures in 2012, down about 18 percent from its 2011 capex of $7.3 billion. Also earlier this week, Samsung Electronics Co. Ltd. said it plans to spend a whopping $41.7 billion on its operations, including investment of about $6.5 billion in logic chips and $6 billion in memory chips.
Intel delivered its much-anticipated capital spending forecast in reporting its fourth quarter results Thursday, when the company reported that sales for the year increased by 24 percent.