Intel Corporation had announced a restructuring program in April in order to cut its operating expenses worth $1.2 billion on an annual basis, in which laying off employees and pulling out certain projects were part of the said program.   

However, the microprocessor giant told investors that despite of its restructuring program, it plans to increase investments in the products and technologies that will fuel revenue growth, and drive more profitable mobile and [personal computer] businesses.

During the last quarter, Intel reported its research and development spending, rallying by 5% year-over-year with a total of $142 million in additional spending.