Electronics giant raises revenue expectations
Intel has raised its third quarter revenue margin expectations by $0.5billion for microprocessors and chipsets.
The chip manufacturer now expects revenue to be $9billion (plus of minus $200million) as compared to the previous range of $8.5bn (plus or minus $200m).
It has also raised its gross margin expectations for the same period to the upper half of the previous range of 53%. The forecast has been amended as a result of stronger than expected demand and is a signal that there may be an improving demand for semiconductors. Intel's microprocessors are used in more than three quarters of the world's personal computers.
The world's biggest chipmaker cited consumers in Asia for the rebound in pc orders, and following the announcement of the revised forecast, its shares rose by 6%.
