Technology giant Intel raised its outlook for third-quarter revenue today, citing stronger-than-expected demand for its microprocessors and chipsets and sending its shares up more than 2 per cent.
Intel, a bellwether for the technology industry whose products power personal and corporate computers, said it now sees third-quarter revenue ranging from $8.8 billion to $9.2 billion.
It previously had forecast revenue in a range of $8.1 billion to $8.9 billion.
Last month Intel announced it was seeking 300 compulsory redundancies following the decision to mothball one of the four Leixlip factories and make it available for a future investment.
This led to speculation that the multinational may be beginning to run down its Irish operations.
