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UPDATE 1-Dell, HP say chip shortages will hit PC supplies this year


By Reuters Staff
(Adds details from HP Inc results, details from conference call)
May 27 (Reuters) - Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
“The component supply situation remains constrained,” Dell Chief Financial Officer Thomas Sweet said in post earnings call, adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. ....

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U.S. chip funding could result in seven to 10 new factories -officials


3 Min Read
MANASSAS, Va. (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
FILE PHOTO: Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Committee hearing to examine the American Jobs Plan, on Capitol Hill in Washington, D.C., U.S., April 20, 2021. Oliver Contreras/Pool via REUTERS
Raimondo said at an event outside a Micron Technology Inc chip factory that she anticipated the government funding would generate “$150 billion-plus” in investment in chip production and research - including contributions from state and federal governments and private-sector firms. ....

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