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Intel Earnings Get Worse Before ‘Modest Recovery’ Expected In Late 2023

Components & Peripherals

Intel Earnings Get Worse Before ‘Modest Recovery’ Expected In Late 2023

Dylan Martin
April 27, 2023, 07:12 PM EDT

Intel reported a 36 percent decline in revenue and a 134 percent plummet in net income for the first quarter, but CEO Pat Gelsinger says the chipmaker expects a ‘modest recover’ in the second half of the year as the PC market improves and its data center prospects brighten.

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