Intel Raises Full-year Sales Forecast, But Second-half Demand Worries Send Shares Down - Tech news daily

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Thursday, 22 July 2021

Intel Raises Full-year Sales Forecast, But Second-half Demand Worries Send Shares Down

Intel Corp raised its annual revenue forecast above Wall Street expectations on Thursday, but Chief Executive Pat Gelsinger said the outlook for the chipmaker was still "supply constrained" and that it could take the industry two more years to catch up with rising chip demand.

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