Intel warns of chip shortages due to Chinese COVID lockdowns

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Intel warns of chip shortages due to Chinese COVID lockdowns

Inflationary pressures, component concerns, and a drop in demand dragged down Intel’s PC chip business by 13 percent versus a year ago, a black mark against what was an otherwise strong first quarter of 2022 results.

That group, the Client Computing Group (CCG), reported revenue that fell 13 percent to $9.3 billion…
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