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Technology

Intel says new chip technology is six months behind, shares drop 6pc

  • The company expects third-quarter revenue of about $18.2 billion.
  • compared with analysts' average estimate of $17.9 billion, according to IBES data from Refinitiv.
Published July 24, 2020
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Intel Corp said on Thursday its new 7nm chip technology was six months behind schedule, sending its shares down 6% in extended trading.

The company expects third-quarter revenue of about $18.2 billion, compared with analysts' average estimate of $17.9 billion, according to IBES data from Refinitiv.

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