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Intel forecasts current-quarter revenue above estimates By Reuters

© Reuters. FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus/File Photo

(Reuters) – Intel Corp (NASDAQ:) on Thursday forecast third-quarter revenue above analysts’ estimates, as the chipmaker focuses on in-house manufacturing to meet increased demand for its new generation of processors.

The company expects adjusted third-quarter revenue of about $18.2 billion, compared with estimates of $18.09 billion, according to IBES data from Refinitiv.

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