Biz (2599)

Intel predicting product delays

Warning some suppliers may go into insolvency

31 October 2008 15:49 GMT / By Katie Scott

It seems that every company in the tech world is going to be affected by the global financial slowdown after all.

Intel has warned that its business will be affected not only by the fact that people are spending less, but also because some key suppliers may be bad enough hit to actually go under.

"There could be a number of follow-on effects from the credit crisis on Intel's business, including insolvency of key suppliers resulting in product delays", the company said in a filing with the US Securities and Exchange Commission.

Intel is set to publish a mid-quarter business update on 4 December. This is as a result of the financial turbulence in the current market, it added.

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