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Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back

Economic Times

Economic Times · 24d

Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back

Intel is expected to report a significant decline in quarterly revenue, indicating potential market share loss in the data center and personal computer sectors. CEO Pat Gelsinger's efforts to revive the company's position are being closely watched. Shareholders want clarity on the company's plans for advanced manufacturing technology and potential spin-off of the manufacturing business. Intel's stock has dropped over 50% this year, and its market value has fallen below $100 billion. The company's foundry business is expected to post an operating loss, impacting gross margins. Additionally, Intel is facing competition from AMD in the PC and data center markets.

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