Business Outlook for 2021
For the first quarter, Gelsinger announced that Intel expects exceed its prior top- and bottom-line guidance, driven by continued strong notebook demand. Demand for PC products appears strong throughout 2021.
The updated forecast reflects the industry-wide shortage of critical third-party components such as substrates, Gelsinger said.
“We are working aggressively with our supply chain partners, as well as leveraging our own unique manufacturing capabilities to solve for component shortages,” he said.
Intel issued the updated forecast in an 8K filing with the SEC on March 23.
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