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Reuters
Intel, TI split leaves chip outlook in doubt
(Reuters) -Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the year, and it may take another round of earnings next week to settle the question. Texas Instruments on Wednesday gave a third-quarter sales forecast that was essentially flat, with company executives declining to say what the year’s final quarter might look like, a hint that orders might be slowing. By contrast, Intel Corp on Thursday raised its full-year forecast, with Chief Executive Pat Gelsinger saying it could take the chip industry two years to catch up with “explosive demand” and predicting that a boom in PC sales driven by pandemic work-from-home arrangements would carry through next year.
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