Intel Corp. Boosts Research and Development, Slashes Marketing

Intel Corp. Boosts Research and Development, Slashes Marketing

Chip giant Intel (NASDAQ: INTC) is one of the most profitable chip companies on the planet. Last quarter, it generated about $5.1 billion in operating income -- a figure that many chipmakers would dream to see over the course of a full year.

Nevertheless, the company has indicated that it wants to reduce its operating expenses -- the sum of the company's expenses for both research and development (R&D), as well as marketing, general, and administrative (MG&A) needs -- as a percentage of its total revenue to about 30% from nearly 36% in 2016.

Image source: Intel.

Continue reading

Source: Fool.com