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Intel lowered its revenue expectation for Q3 2004 to between $8.3bn and $8.6bn, as compared to its previous prediction of $8.6bn to $9.2bn.
Intel lowered its revenue expectation for Q3 2004 to between $8.3bn and $8.6bn, as compared to its previous prediction of $8.6bn to $9.2bn. The company says that world wide demand for Intel Architecture products is trending below previous expectations driven by lower than expected end demand along with customer reductions in component inventory levels. Communications revenue is weaker than anticipated primarily due to lower than expected growth in flash memory shipments. Spending for the third quarter is now expected to be $2.4bn, below the previous expectation of $2.5bn.
The Taiwan foundries reported August 2004 wafer sales. TSMC's revenues reached TWD23.414bn, a 27.8% increase on 2003 and a fifth consecutive record high. UMC made sales of TWD11.514bn, a 64.3% year-on-year increase.
