Intel set for sharp drop in quarterly revenue as US chip maker struggles to bounce back

Quick Summary:

The once-iconic American semiconductor giant is expected to report this week an 8 per cent decline in quarterly revenue to US$13.02 billion.

Rosenblatt Securities analyst Hans Mosesmann said Intel investors have two big questions: “Can it be fixed? ” and “Who is it going to be fixed by?

The company has also failed to capitalise on the generative artificial intelligence (AI)-driven chip boom, after a series of missteps including passing on an investment in ChatGPT creator OpenAI.

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong Kong

Topics: Quarterly Giant Decline Semiconductor Revenue Expected Report American Intel Once-iconic Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 20:38:02 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23368669

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