Intel Q1 forecasts miss market estimates after struggles to meet booming demand

Intel employs 4,900 people across Ireland, with a vast campus in its Irish manufacturing headquarters in Leixlip

Intel headquarters in Santa Clara, California. Intel's first-quarter revenue and profit below market estimates on Thursday, as it struggles to match supply to booming demand for traditional server chips used in artificial intelligence data centres. Picture: David Paul Morris/Bloomberg

Intel forecast first-quarter revenue and profit below market estimates on Thursday, as it struggles to match supply to booming demand for traditional server chips used in artificial intelligence data centres.

Intel shares were down 7% in after-hours trading.