Intel sees 2020 revenue above estimates as chip demand recovers
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(Reuters) - Intel Corp on Thursday cemented the market view that a prolonged slowdown in the chip industry was bottoming out by forecasting full-year revenue and profit above analysts' estimates.The company's sales in its closely watched data centre business jumped 19%, helping it beat fourth-quarter profit and revenue estimates and sending its shares up 7% in extended trading.Intel said its transition to a newer generation of chipmaking technology was progressing better than it expected and..