Intel Corp., the world\’s largest chipmaker, gave a forecast for second-quarter sales that was in line with analysts\’ estimates, helped by interest in chips that power servers in data centres.
Revenue will be US$13.2 billion, plus or minus US$500 million, the Santa Clara, California-based company said Tuesday inside a statement. Gross margin, or even the percentage of sales left after deducting production costs, is going to be about 62%. That compares with average analysts\’ projections of US$13.45 billion in sales and margin of about 61%, according to data compiled by Bloomberg.
While demand for PC chips is declining as more consumers depend on tablets and smartphones to obtain online, the data centres required to churn out information and services for those mobile devices are driving orders for higher-end Intel server processors. Laptop production also rebounded last month, potentially helping Intel\’s sales recover following a slump in the year led it to slash its first-quarter revenue forecast.