Intel, which is still the market leader in PC processors, despite its recent design loss in Apple computers (see More details emerge of Apple's eviction of Intel processors from PCs) benefited from the stay-at-home and work-from-home trends that resulted from the Covid-19 pandemic. For the coming quarter Intel is forecasting revenue of $18.6 billion, which would be down year-on-year 6.1 percent.
The company did not give an indication of expected capital expenditure for the year. Its capex in 2020 was $14.3 billion, approximately half what foundry TSMC is planning on for 2021 (see US fab part of TSMC capex surge to $28 billion).
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