Sumary of Intel raises full-year revenue forecast:
- An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus/File PhotoJuly 22 (Reuters) – Chipmaker Intel Corp (INTC.
- Intel, one of the one of the few remaining companies in the processor chip industry that both designs and manufactures its own chips, has been able to weather the supply chain woes better that rivals like Advanced Micro Devices (AMD.
- A shift in business working models toward cloud and artificial intelligence-based operations due to the pandemic has also increased demand for processors used in data centers and PCs.
- “The digitization of everything continues to accelerate,” Intel Chief Executive Officer Pat Gelsinger said.