Intel’s profit outlook fell short of estimates, sparking concerns that a spending slowdown will drag on business for the rest of 2020. File photo: Reuters

Intel withdraws 2020 forecast on ‘significant’ uncertainty caused by Covid-19 pandemic

  • The world’s largest semiconductor maker reported a 23 per cent jump in first-quarter revenue and better-than-projected profit
  • But its profit outlook fell short of estimates, sparking concerns that a spending slowdown will drag on business for the rest of 2020
Topic |   Intel
Intel’s profit outlook fell short of estimates, sparking concerns that a spending slowdown will drag on business for the rest of 2020. File photo: Reuters
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