The world's largest chip maker Intel last night cut its quarterly revenue and profit margin outlook due to weaker demand for its microprocessors and communications chips.
Intel said it expected sales for the third quarter to be between $8.3 billion and $8.6 billion, compared with the previous range of $8.6 billion to $9.2 billion.
The company said its third quarter gross margin would now be around 58%, down from the previous 60% forecast.
