The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Intel

Capital · deployed

~$12.1B/yr capex (TTM, trimmed from FY2025 $14.6B as fabs cancelled); US-govt equity is the main capital injection (CHIPS grants converted to a 9.9% stake) rather than fresh subsidy

high confidence · as of 2026-07-26 · about Intel

Sourced figures 2


the working

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Intel.