Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year

Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year
The Intel Corporation logo is seen on a display in a store in Manhattan, N.Y., on Nov. 24, 2021. Andrew Kelly/Reuters
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Chipmaker Intel Corp. posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent global supply chain problems.

Intel shares, which initially fell about 3 percent in late trade, recovered some ground after the company expressed confidence in demand for its chips and the ability to manage supply chain constraints.