21 November 2013
Semiconductors
Intel
[Figure 2: Investments as % of revenue !Figure 3: Opex per employee
39%
40% 5190
34% 34% 35% 35% 5170
35%
ititilliii
30% 30%
5150
30%
I
5130 15118
25% 21% 21% 20%
201 5110
20%
III
$90
15% 13't 12%
■ 570
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ttOpex employee
tiCapex % of revenue Opex % of revenue
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