News Formal

Intel earnings lower guidance, lay out $10 billion cost reductions - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

One of Arizona's largest employers said it will drive $3 billion in cost reductions in 2023. phoenix $INTC

Here’s how the company’s business units performed in the third quarter:

Datacenter and AI Group, which includes accelerators and FPGAs, reported revenue of $4.2 billion, down 27% versus last year. The company cited lower server volume and customer inventory reductions.Accelerated Computing Systems and Graphics, reported revenue of $185 million, up 8% versus last year. Intel Foundry Services, which provides manufacturing and packaging for third-party customers, reported revenue of $171 million, down 2% versus last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech stocks show weak results on Wall Street as trading day ends mixedGoogle's parent company slumped after its ad sales slowed dramatically. Microsoft also fell. Long-term Treasury yields continued to pull back from their multiyear highs.
Source: 10News - 🏆 732. / 50 Read more »