Intel, the world's biggest silicon chipmaker, has reduced its growth forecast amid fears that the wavering global economy will continue to dampen computer sales.
Intel said shaky economies in Europe and the United States, and a growing consumer preference for Apple iPad tablets had been taking a toll on the PC industry.
Revenue growth forecasts for Intel have been cut from between 3 and 5%, down from a prior forecast of "high single-digit growth".
Intel chief financial officer Stacy Smith said consumer spending in Europe and the United States appeared softer than previously thought.
She said: "At the beginning of the year, we would have expected, along with most economists, that economic growth would start picking up and that would lead to an increase in consumer sales.
"Those expectations are now more muted."
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