Intel trims capex, raises dividend

Intel Bay Trail tablet processor

Intel is trimming its 2015 capex from an expected $11bn to $10.5bn plus or minus $500m, but is raising the dividend, the company told an investors meeting yesterday.

Intel expects 2015 revenues to be up in the mid-single digits, nudging $60bn.

R&D and MG&A expenses will be $20bn plus or minus $400m.

Gross margin is forecast to be 62%, plus or minus two points,

david manners

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via Yuichun