Intel says slowdown wont harm technology

Intel has said it is prepared for an economic downturn and will not halt development of new processors.

The uncertain economic climate would not harm spending on new technology, such as the forthcoming 32 nanometre line of chips, said Paul Otellini, Intel's chief executive in a press conference around the company's 3rd quarter earnings.

The bulk of the costs of shifting to the new 32 nanometre manufacturing process would come in the first half of next year but there were no plans to cut funding. "This is not a dot com style downturn," said Otellini.