Intel expects gross capital expenditure of 20 billion dollars in 2025, down from approximately 24 billion dollars last year. Lowering capex is a “top priority” for the chipmaker, co-CEO David Zinsner said during an earnings call. “I think what you’ll see a lot of is a little bit more conservatism around how we deploy capital,” he added.
TSMC recently announced a capex hike of up to 40 percent to 38-42 billion dollars. Samsung Electronics hasn’t provided guidance yet, though reportedly foundry investment will be cut in half. Most of the firm’s capex is for memory manufacturing, however. The company has signaled that the memory market is currently experiencing headwinds.
ASML CEO Christophe Fouquet recently said that AI has created quite some turmoil among his major customers. “[AI] is a real change, quite a big change, to be honest, which affects quite a few parts of our business. This reorganization of the market comes with a bit of turbulence,” he said.
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