Intel Corporation warned today that the economic slowdown may hurt its business but the world's biggest computer chipmaker maintained its fourth-quarter revenue projections.
'The recent financial crisis could negatively affect our business, results of operations, and financial condition,' Intel said in a regulatory filing with the Securities and Exchange Commission (SEC).
'Current uncertainty in global economic conditions poses a risk to the overall economy as consumers and businesses may defer purchases in response to tighter credit and negative financial news, which could negatively affect product demand and other related matters,' the California group said.
'If demand for our products fluctuates as a result of economic conditions or otherwise, our revenue and gross margin could be harmed,' it added.
'There could be a number of follow-on effects from the credit crisis on Intel's business, including insolvency of key suppliers resulting in product delays; inability of customers to obtain credit to finance purchases of our products and/or customer insolvencies,' Intel said.
But the company added that it still expects fourth-quarter revenue of between $10.1 billion and $10.9 billion, capital spending for the year of $5 billion and $5.9m on research and development.
Earlier this month, Intel reported profit of $2 billion in the third-quarter of the year, up 26% on the previous quarter, with earnings per share of 35 cents, slightly better than analysts' forecasts of 34 cents.
Intel employs more than 5,000 people in Ireland.
