Intel’s shares fell 6% in extended trading, as executives tried to brace investors for the possibility that a short-term bump in demand for its processor chips from cloud computing centers and locked-at-home consumers buying PCs could become a slump if the economy enters recession. “It’s really hard to think about the second half in terms of how demand is going to look compared to what we ultimately thought when we first gave guidance,” Chief Financial Officer George Davis told investors on a conference call. Intel Chief Executive Bob Swan said the company had to “temporarily pause” some projects due to local government restrictions at some sites, but said Intel’s factories largely have been able to meet demand.
