Jan 26 (Reuters) - Chipmaker Intel Corp INTC.O forecast first-quarter earnings below analysts' expectations on Wednesday, sending the world's largest chipmaker's shares down 3% in late trade. Intel forecast earnings per share of 80 cents, compared to an expectation of 86 cents, according to IBES data from Refinitiv. The company expected first-quarter revenue above Wall Street expectations, placing bets on its in-house chip-making capacity to meet strong demand from PC, data center and artificial intelligence markets even through a global semiconductor supply crunch. The company expects first-quarter revenue of about $18.3 billion, compared to analysts' average estimates of $17.62 billion, according to IBES data from Refinitiv. (Reporting By Chavi Mehta and Jane Lanhee Lee; Editing by Bernard Orr) ((jane.lee@thomsonreuters.com; +1-415-344-3912; Reuters Messaging: jane.lee.thomsonreuters@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.