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Friday, 25 October 2019

Intel's unexpected, prolonged processor shortage dampens its record quarter

Intel may have recorded record revenue for the third quarter, but executives spent most of the call seemingly apologizing for it.

Well, apologizing for not doing even better. In January, Intel promised that it would solve its manufacturing issues, which had prevented the company from meeting demand. Unfortunately, Intel chief executive Bob Swan said that PC demand continues to outstrip its own supply, and will continue to do so through 2019, by which Intel will have invested enough to add an additional 25 percent in terms of manufacturing capacity.

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