Intel with revenue slump and loss

Less chip hunger

Intel with sales slump and loss – share falls

The chip giant Intel has been hit hard by the shrinking PC market and is also weakening in the data center business. In the last quarter, sales fell 32 percent year-on-year to $14 billion.

The bottom line is that there was a loss of $664 million after a profit of a good $4.6 billion a year earlier, as Intel announced after the US stock market closed on Thursday.

In the business with chips for personal computers, sales fell by almost 36 percent to $6.6 billion. The division’s operating profit fell to just $699 million from around $3.8 billion a year earlier. For technology with data centers, revenues fell by around a third to $4.3 million. Here, too, there was a slump in earnings with $ 371 million instead of $ 2.3 billion a year ago.