Last Updated: April 28, 2023, 02:31 IST
Intel’s first-quarter revenue fell 36 percent to $11.7 billion. (Image: Intel/Twitter)
Intel’s first-quarter revenue fell 36 percent to $11.7 billion and the semiconductor giant posted a massive loss of $2.8 billion
Chipmaker Intel Corp forecast second-quarter revenue above Wall Street estimates on Thursday, a sign that chip demand was recovering after a downturn wrought by excess supply and a post-pandemic slump in the personal computer market.
The company forecast second-quarter adjusted revenue in the range of about $11.5 billion and $12.5 billion. Analysts polled by Refinitiv were expecting revenue of $11.75 billion.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
