Breaking News

Why Intel CEO Pat Gelsinger Is Upbeat After Chip Maker Posts Historic Loss

Why Intel CEO Pat Gelsinger Is Upbeat After Chip Maker Posts Historic Loss
The numbers are in for Intel’s first quarter of 2023 and, at a glance, they look brutal (again). Intel’s Q1 revenue settled at $11.7 billion, which is down 36 percent from the same quarter a year ago. But what really stands out is the staggering 133 percent year-over-year decline in net earnings. That’s the largest loss in the company’s storied

Go to Source
Author: Paul Lilly