Intel has blamed weak demand in Europe for an expected shortfall in its third quarter results.
The chip maker said it expects revenue for the third quarter to be about three to five per cent higher than its second quarter revenue of $8.3bn.
However, Intel said gross margin percentage for the quarter would be 62 per cent, "plus or minus a point", which is lower than the company's previous expectations of 64 per cent.
A spokesman for Intel Europe said the company is not blaming any particular product segment for the shortfall, but that weak demand was a reflection of the general economy in the region.
"Europe is the only geography which we see falling behind," he said. "All other regions have performed as we expected."
Intel expects expenses in the third quarter to be up by seven to nine per cent from second quarter expenses of $2.2bn, primarily because of higher marketing, and research and development spending in new business areas.
Interest and other income for the quarter is expected to be about $900m, up from previous expectations of $800m.
Intel will report its third quarter results on 17 October, after the close of trading on Wall Street.
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