[Related to the Chapter Opener on page 392] An article in the Wall Street Journal on changes in Intel’s sales noted, “Intel sells its chips to customers in U.S. dollars, but many PC makers that buy...

[Related to the Chapter Opener on page 392] An article

in the Wall Street Journal on changes in Intel’s sales noted,

“Intel sells its chips to customers in U.S. dollars, but many

PC makers that buy those chips sell their products in local

currencies.” In these circumstances, would an increase

in the value of the dollar relative to foreign currencies be

likely to help or hurt Intel’s sales? Briefly explain.

Source: Tess Stynes, “Intel Earnings: What to Watch,” Wall Street

Journal, July 15, 2015.