Intel PC chip sales rise, but profit forecast falls short on factory investments

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-intel-results/intel-pc-chip-sales-rise-but-profit-forecast-falls-short-on-factory-investments-idUSKBN2C92R8

(Reuters) -Intel Corp on Thursday raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analyst expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips.

Intel PC chip sales rise, but profit forecast falls short on factory investments

Apr 22, 2021, 10:18pm UTC
https://www.reuters.com/article/us-intel-results/intel-pc-chip-sales-rise-but-profit-forecast-falls-short-on-factory-investments-idUSKBN2C92R8 >(Reuters) -Intel Corp on Thursday raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analyst expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips.