Intel lowers Q4 revenue forecast amid factory shutdown and PC demand slump
- Reports
- 5
- Developments
- 1
- Repetition
- 80%
New informationRepeats or wire copies
What happened
Intel reported a disappointing fourth-quarter revenue forecast, projecting sales between $15 billion and $16 billion. The company attributed struggles in its data center business to raw material shortages and a factory shutdown in Israel. CEO Lip-Bu Tan also noted that the personal computer market is facing challenges due to memory shortages and rising component prices.
Why it matters
The factory shutdown and raw material shortages are impacting Intel's ability to fulfill customer requirements for its data center unit. Furthermore, Intel is contending with a severe slump in the personal computer market, which is affecting demand from users.
Intel operates a manufacturing facility in Kiryat Gat, Israel.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AmazonSpeculative
Might face disruptions in the supply chain for its data center units.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Intel's factory shutdown could strain Apple's chip supplyIntel's production disruption may strain its foundry commitments to ApplePossible
- Intel's operational setback may boost TSMC's foundry market positionTSMC may benefit from increased demand for alternative foundry servicesPossible
- Intel's factory shutdown may strain Amazon's data center supply chainIntel's data center supply shortage could disrupt Amazon's infrastructure operations.Possible
- Intel's supply snag may boost AMD's data center salesIntel's supply disruption may allow AMD to gain ground in data center marketPossible
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The entities involved
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Intel
American multinational technology company