Intel Corp., which dominates the market for personal computer processors, said it’s taking steps to increase output and alleviate a shortage that had threatened to slow the industry’s growth.
The Santa Clara, California-based chipmaker has added an extra $1 billion to its capital equipment budget this year, increasing output from existing facilities in the U.S., Ireland and Israel. The company said it’s been surprised by a return to growth in demand for personal computers. Total spending in 2018 will be $15 billion, Intel said in a letter to customers posted on its website Friday.
