Intel plans to leverage Falcon Shores
Intel posts third consecutive quarterly loss, cancels planned release of Falcon Shores AI chip
In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.
Intel Rises on Revenue Beat
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
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