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Intel shares tumble after hours, hit by chip supply constraints, big cash burn

INTEL shares plunged 23% after hours on Thursday after the chip maker warned it would burn cash this year due to the faltering PC market, bottlenecks in manufacturing and heavy spending on expanding production.

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英特尔股价盘后暴跌,受芯片供应受限和巨额现金消耗的影响。

Intel CEO Lip-Bu Tan. — Reuters

INTEL shares plunged 23% after hours on Thursday after the chip maker warned it would burn cash this year due to the faltering PC market, bottlenecks in manufacturing and heavy spending on expanding production.

Like many other major tech companies, Intel has been pouring money into manufacturing, but has run into supply disruptions that have capped its ability to capitalize on growing demand for data-center chips. Compounding that pressure, PC costs are on the rise due to the surge in memory prices, which has weighed on demand.

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