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Intel forecasts current-quarter revenue above estimates



© Reuters. Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files

(Reuters) – Chipmaker Intel Corp (NASDAQ:) forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on hybrid work demand by leveraging its in-house production capacity to weather supply chain challenges.

The company expects fourth-quarter revenue of about $18.3 billion, compared with analysts’ average estimate of $18.25 billion, according to IBES data from Refinitiv.

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