Thursday, 31 October, 2024

Intel Anticipates Significant Drop In Quarterly Revenue Amid Ongoing Challenges

Intel is bracing for a notable decline in quarterly revenue as the chipmaker faces challenges in recovering from global supply chain disruptions and intensified market competition. The company has struggled to regain its footing amid shifting consumer demand, impacting its sales forecasts. This decline highlights the broader volatility in the semiconductor industry, with Intel pursuing strategic adjustments to revive growth and remain competitive in the tech sector.