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US Chipmaker Intel Forecasts Second-Quarter Revenue Above Estimates

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Last Updated: April 28, 2023, 02:31 IST

Intel's first-quarter revenue fell 36 percent to $11.7 billion. (Image: Intel/Twitter)

Intel’s first-quarter revenue fell 36 percent to $11.7 billion. (Image: Intel/Twitter)

Intel’s first-quarter revenue fell 36 percent to $11.7 billion and the semiconductor giant posted a massive loss of $2.8 billion

Chipmaker Intel Corp forecast second-quarter revenue above Wall Street estimates on Thursday, a sign that chip demand was recovering after a downturn wrought by excess supply and a post-pandemic slump in the personal computer market.

The company forecast second-quarter adjusted revenue in the range of about $11.5 billion and $12.5 billion. Analysts polled by Refinitiv were expecting revenue of $11.75 billion.

Read all the Latest Tech News here

(This story has not been edited by News18 staff and is published from a syndicated news agency feed)

Rohit
Rohit is a News18.com journalist with a passion for world affairs and a love for football. Follow him on Twitter at @heis_rohit…Read More

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