Computer chip maker Intel Corporation narrowed its range of expected revenues for the first quarter to the downside of a previously forecast range in a trading statement late last night.
Intel, with a major facility at Leixlip, Co Kildare, narrowed its cut expectation for the first quarter to $8 billion to $8.2 billion, as compared to the previous range of $7.9 billion to $8.5 billion.
The gross margin percentage is expected to be 60 per cent, plus or minus a point, as compared to the previous expectation of 60 per cent, plus or minus a couple of points.
Demand for the firm's Intel Architecture products is consistent with the lower end of normal seasonal patterns and significantly higher than in the same period last year, the statement added.
Demand for Intel's communications products is in line with the company's expectations at the beginning of the quarter, it said, while "all other expectations are unchanged".