Intel says customers stockpiling chips on U.S.-China tension, raises forecast
By Munsif Vengattil and Stephen Nellis (Reuters) - Intel Corp forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on U.S. sales to Huawei Technologies Co Ltd [HWT.UL]. Intel shares rose 4.9% to $54.70 in extended trading.
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