Intel's $13bn investment unnerves Wall St

OUTGOING Intel chief executive Paul Otellini said yesterday the chipmaker would spend $13bn (£8bn) in 2013 on expansion, higher than the $10bn forecast, as it reported net income for the last three months of 2012 fell 27 per cent to $2.47bn. Its shares fell three per cent in after-hours trading as analysts said the higher spend was a concern.