Yahoo Finance

Intel cautioned that higher costs from the Trump administration’s tariffs created economic uncertainty for the chip maker. “We will certainly see costs increase and we feel it prudent to anticipate” a contraction, Chief Financial Officer David Zinsner said during the company’s earnings call on Thursday. Because of the economic uncertainty and difficulty planning, Intel was offering a wider-than-normal projection for the current quarter of $11.2 billion to $12.4 billion.