It's Business as Usual at Intel Despite the Coronavirus
The novel coronavirus outbreak has caused business disruptions, earnings warnings and sent the stock markets into a tizzy, but at Intel (NASDAQ: INTC) it's business as usual.
That's according to the semiconductor manufacturer's Chief Financial Officer George Davis, who was quoted as saying during a Morgan Stanley investor conference this week that, even amid the coronavirus outbreak, Intel has been able "to operate on a relatively normal basis." Calling the disruptions Intel is seeing "modest," the executive did note that the tech company entered the quarter with shortages and wouldn't have been able to meet the demand near the end of the year with or without coronavirus.
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Source Fool.com