Intel warns it faces supply chain constraints

Stefan Mileschin · 26th July 2021, 08:16

Sales down for the end of the year

Chipzilla said it is still facing supply chain constraints and gave an annual sales forecast that means it will be a dismal Christmas.

While the 2021 forecast of $73.5 billion in adjusted sales was higher than Wall Street expectations, appeared driven by a strong second quarter ended June 26 and a modestly better-than-expected third quarter, implying a weak fourth quarter.

Intel shares fell 2.8 per cent in after-hours trading after the results.

Intel has been able to weather the supply chain woes better than some rivals and is working to increase its "foundry" business.

Intel Chief Executive Officer Pat [kicking] Gelsinger declined to comment on a recent report that Intel is looking to buy GlobalFoundries for $30 billion to bolster its foundry efforts but told Reuters that he expects industry consolidation to continue and that "M&A will remain a part of our strategy" for building the company's foundry business.

https://fudzilla.com/news/53278-inte...in-constraints

26th July 2021, 08:16	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Intel warns it faces supply chain constraints Sales down for the end of the year Chipzilla said it is still facing supply chain constraints and gave an annual sales forecast that means it will be a dismal Christmas. While the 2021 forecast of $73.5 billion in adjusted sales was higher than Wall Street expectations, appeared driven by a strong second quarter ended June 26 and a modestly better-than-expected third quarter, implying a weak fourth quarter. Intel shares fell 2.8 per cent in after-hours trading after the results. Intel has been able to weather the supply chain woes better than some rivals and is working to increase its "foundry" business. Intel Chief Executive Officer Pat [kicking] Gelsinger declined to comment on a recent report that Intel is looking to buy GlobalFoundries for $30 billion to bolster its foundry efforts but told Reuters that he expects industry consolidation to continue and that "M&A will remain a part of our strategy" for building the company's foundry business. https://fudzilla.com/news/53278-inte...in-constraints

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Dell steps up security in supply chain	Stefan Mileschin	WebNews	0	6th December 2020 11:05
Vietnam suffering supply chain problems	Stefan Mileschin	WebNews	0	25th February 2020 10:24
Apple still can’t improve supply chain working conditions	Stefan Mileschin	WebNews	0	19th January 2018 18:07
iPad supply chain sees doom ahead	Stefan Mileschin	WebNews	0	2nd March 2017 06:49
Apple’s first smartwatch might be hit with supply constraints at launch	Stefan Mileschin	WebNews	0	10th April 2015 11:30
Retina iPad Mini 2 release in 2013 apparently delayed due to supply constraints	Stefan Mileschin	WebNews	0	3rd October 2013 12:36
ChannelEye launches, injects zest into the supply chain	Stefan Mileschin	WebNews	0	30th January 2013 12:22
iPad Mini in supply chain gamble	Stefan Mileschin	WebNews	0	25th October 2012 07:14
Samsung comes up trumps in Gartner supply chain list	Stefan Mileschin	WebNews	0	25th July 2012 07:25
Kingston sees stable DRAM prices, slight NAND supply constraints	Shogun	WebNews	0	25th April 2011 07:47