Intel raises 3Q sales outlook

SANTA CLARA, Calif. — Intel is raising its third-quarter revenue forecast, citing strong demand for its chips.

Intel, the world’s largest maker of computer microprocessors, said Friday it now expects sales of $8.8 billion to $9.2 billion in the current quarter.

Its earlier guidance was for revenue in the range of $8.1 billion to $8.9 billion.

Analysts polled by Thomson Reuters had been expecting $8.55 billion in revenue.