Intel raises 2026 capex above $20 billion, projects bigger 2027 buildout

We're raising our outlook for 2026 and now expect our capex to be more than $20 billion, which is up significantly versus our expectations entering the year. As a result, we're forecasting 2027 capital expenditures to be significantly above the 2026 levels with the vast majority spent across our US network. In fact, as we look back from 2021 through 2026, our total capital spending in tools and space in the US is approaching hundred billion.significantly higher than any other semiconductor company over that ...