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Benzinga
Benzinga
Business
Rishabh Mishra

Intel Eyes Aggressive 2026 CapEx Cuts After 'Excessive' Spending: 'We Will Build What Customers Need, When They Need It,' Says CEO Lip-Bu Tan

Intel Corporation Jim Cramer INTC LipBu Tan Patrick Gelsinger David Zinsner Lip Bu Tan
Intel

Intel Corp. (NASDAQ:INTC) is signaling a dramatic shift in its capital expenditure strategy, with plans for aggressive cuts in 2026, as CEO Lip-Bu Tan pledges to prioritize demand-driven investments over what he describes as “unwise and excessive” spending of the past.

Check out the current price of INTC stock here.

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