Intel’s chip contracting plan in spotlight on earnings day

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Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan‘s plans for the chipmaker’s nascent contract manufacturing business.

Intel is set to report its sixth consecutive net loss on Thursday, while revenue is expected to drop for a fifth straight quarter, according to estimates from LSEG data.

The storied chipmaker, once synonymous with America’s chipmaking heft, has lagged due to years of strategic missteps.

Rival Nvidia has leapt ahead in the booming artificial intelligence chip industry,…



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Intel’s chip contracting plan in spotlight on earnings day



Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan‘s plans for the chipmaker’s nascent contract manufacturing business.

Intel is set to report its sixth consecutive net loss on Thursday, while revenue is expected to drop for a fifth straight quarter, according to estimates from LSEG data.

The storied chipmaker, once synonymous with America’s chipmaking heft, has lagged due to years of strategic missteps.

Rival Nvidia has leapt ahead in the booming artificial intelligence chip industry,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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