Intel to continue to invest despite recession

Intel will continue to invest in products and technologies even though it sees some likely impact on the emerging markets that are crucial for its growth during a US financial meltdown, its chairman said.
"I think you'd have to be prudent and assume that if the financial marketplace melts down there's going to be some impact but nobody's predicting that, nobody knows how big it's going to be," Craig Barrett told Reuters journalists on October 01.
"The only thing we can do is look at that part of our future destiny that we can control, and that's our investment in the future, in the products we create and the technologies we create," he said on a visit to Reuters. Of its $38.3 billion 2007 revenue, the world's biggest chipmaker spent $5.8 billion on research and development and $5 billion on capital items such as property, plants and equipment.