Intel Says Its Lower-Cost Chips Are Sold Out

Chipmaker Intel says its Wildcat Lake chips are sold out, and CEO Lip-Bu Tan said demand is outpacing supply. Chief financial officer David Zinsner said the lower-cost chips are growing strongly, and Intel beat analysts' third-quarter expectations. He is not optimistic about supply of memory chips, the parts that store data, next year, and sees no improvement in 2027.