Intel has closed the books on what it called a “strong first-quarter,” during which it generated $19.7 billion in revenue. That’s actually down 1 percent compared to the same quarter a year ago, or flat if going by the non-GAAP total ($18.6 billion). However, its first-quarter revenue exceeded January guidance by a hefty $1.1 billion, bolstered

Source: Hot Hardware – Intel Smashes Earnings Estimates, Forecasts Extended Global Chip Shortages