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Intel Reports Bleak Quarter as PC Sales Slow, but Investors Are Happy

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by , 10-29-2022 at 04:57 PM (269 Views)
      
   


What's happening

Intel's revenue and profit continued to drop during hard economic times and a years-long effort to reclaim its technology lead, but a layoff and other cost-cutting measures helped buoy the stock.

Why it matters

Intel is trying to bring bring more chipmaking work back to the United States after TSMC in Taiwan and Samsung in South Korea surpassed the company.

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