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Intel 'stumbled,' chief executive says; shares drop as loss forecast
Surprises investors with bleak outlook for both PC and data centre division.
Jane Lanhee Lee and Chavi Mehta
Jan 27 2023, 2:38PM
PC demand dropped to its ‘lowest level in years’ in 2022
IT industry research firms IDC and Gartner point to a difficult year.
Joseph F. Kovar
Jan 13 2023, 9:32AM
Intel to lay off workers, adjusts forecast down
"People actions" part of US$3 billion cost cutting plan.
Chavi Mehta and Jane Lanhee Lee
Oct 28 2022, 11:06AM
IDC sees PC shipment slowdown through 2023
Shift to hybrid and remote work could sustain sales however.
Sep 2 2022, 9:26AM
Intel lowers annual revenue forecast on PC demand slump
Expects up to US$11 billion lower earnings for FY2022.
Jul 29 2022, 8:23AM
PC, tablet and phone shipments to fall this year: Gartner
"Perfect storm” of issues behind this year's volume drop.
Jul 8 2022, 8:48AM
Acer ANZ boss Darren Simmons departs
Gaba Cheng promoted from GM as replacement.
Apr 5 2022, 8:00AM
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