Earnings

Intel chip shortage pulls down PC makers’ revenue expectations

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Bob Swan, then-interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on November 15, 2018.

Samyukta Lakshmi | Bloomberg | Getty Images

PC makers are pointing at Intel as they tell Wall Street to expect lower revenue. Intel shares fell as much as 1.7% on Wednesday morning after both Dell and HP called out the chipmaker by name in earnings reports Tuesday evening.

Intel remains central to the PC supply chain, although it has faltered at a crucial time, as companies look to upgrade from the Windows 7 operating system, which Microsoft will stop supporting in January. The…



Source cnbc.com

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