November 20, 2019 / 10:15 PM / 7 months ago

Chipmaker Intel says supply remains tight in PC business; shares slip

Nov 20 (Reuters) - Intel Corp said on Wednesday it has not been able to keep up with the increasing demand for CPUs and said supply remained "extremely tight" in its personal computer business.

"Despite our best efforts, we have not yet resolved this challenge," the chipmaker said here in a letter, in which the company also apologized to its customers and partners for the shipment delays.

Shares of the chipmaker were down nearly 1% in after-market trading. (Reporting by Ambhini Aishwarya in Bengaluru; Editing by Arun Koyyur)

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