Intel Raises Revenue Outlook

Move prompted by better-than-expected demand for chips and components for PCs.

Intel Corp., saying demand for chips and components for PCs is better than anticipated, is raising its financial expectations for the third quarter.

The Santa Clara, Calif., company issued a statement Friday saying that officials expect revenue to come in between $7.3 billion and $7.8 billion, more than the $6.9 billion to $7.5 billion it predicted earlier in the quarter.

Intel is scheduled to give a full mid-quarter update Sept. 4.

The company said that demand for its Intel Architecture technology, which includes processors and chipsets for PCs, is higher than expected, although business for communications products is still slow.