Intel addresses processor shortages, CEO hunt after reporting disappointing fourth‑quarter results

Stealing a page from Apple’s recent earnings warning, Intel blamed a lack of demand in China as one of the reasons for reporting healthy fourth-quarter profits that were nevertheless less than Wall Street expected.

Intel’s fourth quarter, traditionally the company’s strongest, capped what Intel said was a record-breaking year in terms of revenue. But Intel blamed China, weakness in cloud-computing customers, a weakened modem market, and an inability to manufacture enough processors as reasons the company’s revenues did not meet expectations. Intel’s manufacturing woes have been a source of questions since 2018,