Chipmaker Intel says provide stays tight in PC enterprise; shares slip

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FILE PHOTO: Laptop chip maker Intel’s emblem is proven on a gaming pc show in the course of the opening day of E3, the annual video video games expo revealing the most recent in gaming software program and hardware in Los Angeles, California, U.S., June 11, 2019. Information/Mike Blake

(Information) – Intel Corp (INTC.O) mentioned on Wednesday it has not been capable of sustain with the growing demand for CPUs and mentioned provide remained “extraordinarily tight” in its private pc enterprise.

“Regardless of our greatest efforts, we have now not but resolved this problem,” the chipmaker mentioned here in a letter, through which the corporate additionally apologized to its prospects and companions for the cargo delays.

Shares of the chipmaker have been down practically 1% in after-market buying and selling.

Reporting by Ambhini Aishwarya in Bengaluru; Modifying by Arun Koyyur