Chipmaker Intel expects greater losses in the near future

2023-04-28 01:01:17

In the first three months, Intel achieved a turnover of 11.7 billion dollars, the equivalent of 10.6 billion euros. The gross profit margin fell significantly, resulting in a net loss of $ 2.8 billion. Last year, Intel posted a profit of $8.1 billion in the first quarter. Since then, however, demand for computers, one of Intel’s most important markets, has declined sharply.

Also in the second quarter, Intel does not expect to increase the gross profit margin. The company indicates that it will continue to invest heavily in order to recover, but that will still be at the expense of profitability for the time being.