Intel claims it's regaining market share

Barrett also told Reuters in an interview that the world's largest chip company is fairly insulated against the U.S. economic slowdown, as most of its business is overseas.

"I think we're in a very strong competitive position vis-a-vis AMD," Barrett said.

"We've given guidance on our performance, and it looks pretty good," he said, declining to comment further on the company's outlook or on current demand.

Intel earlier this month boosted its revenue to between $9.4 billion and $9.8 billion for its current quarter, which is completed around the end of September. That is compared with an earlier target range of $9 billion to $9.6 billion, and with $8.74 billion in the year-ago period.

Barrett said his company has been regaining market share from AMD with new products. Intel has also fought market share losses to AMD with price cuts to older products.

Intel stumbled in 2005, but it started introducing chips with new designs in the middle of last year that have helped the company regain market share against its smaller rival.