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UPDATE 1-Intel cuts annual revenue forecast for second time this year

Chipmaker Intel Corp on Thursday cut its 2022 revenue forecast for the second time this year as a slump in PC demand looks set to worsen and recession fears muddy the outlook for the data center market. PC shipments fell 15.5% in the third quarter, data from Counterpoint Research showed. The research firm expects a 13% drop for the full year, higher than Intel's estimate of a roughly 10% decline.
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