Intel's data center chip sales fall short, shares slide 10%

Revenue from Intel’s data-center business fell 7% to $5.9 billion in the reported quarter, while analysts on average had expected revenue of $6.21 billion, according to FactSet. Intel is the dominant provider of processor chips for PCs and data centers, but the company has struggled with manufacturing delays, saying in July that its next generation of chipmaking technology has slipped six months behind schedule. The pandemic has given Intel a boost in the form or surging laptop sales as employees and students work and learn from home. …read more

Source:: Yahoo Finance


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.