Intel expects Q2 revenue to be "below the midpoint" of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports (Lynn Doan/Bloomberg)

Lynn Doan / Bloomberg:

Intel expects Q2 revenue to be “below the midpoint” of the previously guided $12.5B to $13.5B range after a new US ban on Huawei chip exports  —  Intel Corp. expects second-quarter revenue to fall below the midpoint of previously issued projections because of a new US ban on chip exports to Huawei Technologies Co.