CORRECTION - - RPT-CORRECTED-Intel chairman will invest through recession

(Corrects to add dropped word "billion" in last paragraph)

LONDON, Sept 30 (Reuters) - Intel (INTC.O) will continue to invest in products and technologies even though it sees some likely impact on the emerging markets that are crucial for its growth during a U.S. financial meltdown, its chairman said.

"I think you'd have to be prudent and assume that if the financial marketplace melts down there's going to be some impact but nobody's predicting that, nobody knows how big it's going to be," Craig Barrett told Reuters journalists on Tuesday.

"The only thing we can do is look at that part of our future destiny that we can control, and that's our investment in the future, in the products we create and the technologies we create," he said on a visit to Reuters.

"We've always had the attitude that you have to make that investment in good times and bad."

Of its $38.3 billion 2007 revenue, the world's biggest chipmaker spent $5.8 billion on research and development and $5 billion on capital items such as property, plants and equipment.

"You can't save your way out of a recession, you have to invest your way out, and so we've always kept a rainy day plan to accommodate that," Barrett said, adding that Intel had a financial cash cushion of about $10 billion for that purpose. (Reporting by Georgina Prodhan, Alex Smith and Ben Hirschler)