About Intel
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.
Intel Records Its Worst Quarterly Loss Amid PC Slump, Fierce Competition
Chip maker is cutting costs while pursuing a pricey turnaround effort
Intel Corp. INTC 4.40% suffered its largest-ever quarterly loss and said it would remain in the red as it prepares for the market recovering from the sharp fall in personal-computer sales that hammered its business.
Sales fell to a level not seen since 2010. Intel on Thursday posted revenue of $11.7 billion for the first quarter, above estimates from analysts surveyed by FactSet. That marked a 36% decline from the prior-year period.. . ."
Intel Q1 earnings: ‘This was a horrible quarter,’ analyst says
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