Intel Corp., the world’s largest maker of microprocessors and supporting chips, on Monday said that demand for its products is increasing and the company will post higher revenue than expected previously. This may be a good news not only for Intel, but for the whole industry since it may mean that the worst is over for microelectronics sector.
As a result of stronger than expected demand for microprocessors and chipsets, Intel now expects revenue for the third quarter to be $9.0 billion, plus or minus $200 million, as compared to the previous range of $8.5 billion, plus or minus $400 million. The gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 53%, plus or minus two percentage points. All other expectations are unchanged.
Intel plans to unveil a number of new microprocessors aimed at desktops and notebooks later this quarter. Better than expected revenue may indicate that the new products, which are being shipped to Intel’s customers, are getting more popular than the chipmaker originally thought.
The company is scheduled to report its third-quarter financial results on October 13, 2009.