Intel says customers stockpiling chips on U.S.-China tension, hikes forecast

July 26, 2019 admin Business News Comments Off on Intel says customers stockpiling chips on U.S.-China tension, hikes forecast

Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to China’s Huawei Technologies Co Ltd.

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Source:: Reuters – Business News