Earnings

Intel chip shortage pulls down PC makers’ revenue expectations

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Intel CEO Robert Swan speaks at the Rakuten Optimism event in Yokohama, Japan, on July 31, 2019.

Tomohiro Ohsumi | 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 2020. The difficulties have created an opening for smaller rival AMD.

Supply issues have hit Intel for a few months at a time in the past…



Source cnbc.com

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