company expects hard disk drive supply shortages to continue into the first quarter, followed by a rebuilding of microprocessor inventories as supplies of hard disk drives recover during the first half of 2012," Intel wrote in a statement.

Shares in Intel are 3.5% lower in pre-market trading.

The company expects sales of computers to be up quarter-on-quarter, but manufacturer pullback following shortages of disk drives reducing sector-wide inventories.

Flooding in Thailand, where a quarter of hard disk drives are produced, has limited the industry's ability to meet targets. Earlier this year, the president of Acer , the fourth-largest computer maker, said that flooding would cause a 10% to 15% shortfall in drives. At the same time, the CEO of Seagate told Bloomberg that prices were being driven up nearly 150% because of the natural disaster.

The guidance warning follows similar announcements last week from DuPont and Texas Instruments. Decreased demand forced tech giant Texas Instruments to cut its revenue forecast to $3.19 billion.

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