Intel forecast beats expectation as manufacturing momentum builds

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo

(Reuters) -Intel forecast fourth-quarter revenue above Wall Street estimates on Thursday, optimistic about a healthy rebound in the personal computer market as it readies new chips to handle artificial intelligence on laptops.

The company also has secured three customers for its chip contract manufacturing business, with Chief Executive Pat Gelsinger telling Reuters he expects to close a deal for a fourth customer before year's end.