Intel to face the music on memory chips
Intel, the world’s biggest chipmaker, faces questions from analysts on Wednesday on whether it has a future in the memory chip business after taking another hit to its financial performance.
Intel shares fell below $20 in afternoon trading in New York on Tuesday, down 1.90 per cent, at $19.63, following its warning that first-quarter gross margins were likely to be about 54 per cent, against its previous forecast of 56 per cent.
