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Intel shares sink on margin concerns as third-quarter revenue hit by chip shortage

Intel shares sink on margin concerns as third-quarter revenue hit by chip shortage

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Shares in Intel Corp fell sharply after the company said profit margins will decline over the next few years and as third-quarter revenue was hit by the worldwide semiconductor shortage. In its earnings release, Intel said third-quarter revenue came in at US$18.1bn, up 5% on the year before, but below analysts’ estimates of US$18.24bn.

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