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Intel Corporation’s (INTC) capex story is getting more attention because the company is spending more while the market is starting to focus on supply, not just demand. On July 23, Intel said 2026 capex will rise above $20 billion, and it expects 2027 spending to be even higher.
Importantly, the chip industry is still trying to keep up with strong AI-related demand. Capacity is tight, advanced packaging is still hard to get, and chipmakers are being forced to spend more to stay in the game.
