Intel Says Chip Sales Better Than Expected
Intel says its semiconductor business overall is performing better than it expected. So much so, the company surprised investors Friday with a sales forecast two weeks ahead of its scheduled Mid-quarter update. The Santa Clara, Calif.-based chip making giant said it now expects third-quarter revenue to be between $7.3 billion and $7.8 billion. The company previously said its range would be between $6.9 billion to $7.5 billion.