Chips in demand
The drip, drip of cautiously positive news continues today as the world's biggest chip maker has seen fit to upwardly revise the Q3 forecast it made back in the middle of July, citing stronger than expected demand for microprocessors and chipsets as the reason.
Previously, Intel had predicted Q3 revenues of $8.5 billion, with a variance of $400 million either side. Now it's saying it expects to bring in $9 billion, with a $200 million variance. Intel also predicted that its gross margin is likely to be at least 53 percent, having previously anticipated a minimum of 21 percent.
This announcement adds to a feeling that things are on the up in the technology industry, after PC giant Dell accompanied its recent Q2 earnings announcement with a relatively bullish outlook.
While broader macroeconomic indicators remain mixed, this upward revision by Intel will be viewed as good news for the tech industry. If demand for processors and chipsets is improving, it's fair to assume that demand for all the other components, peripherals, software and services associated with them will improve too.
