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Intel Advises Woes Won’t End Soon

April 29, 2019

Chipmaker dials down 2019 forecast as chip shortages continue and demand for data center products declines

The ongoing processor shortage that stalled the PC market during the holiday season, combined with a slump in data center demand for processors and memory chips, continues to hamper Intel’s outlook. In the earnings report for its second quarter, ending in March, Intel advised that ongoing inventory and market challenges will cause 2019 revenue to decline 3%.