Intel reports sales down after PC market shrinks

Santa Clara The chip giant Intel is feeling the slacking of the corona boom in the PC industry. In the first quarter, sales fell seven percent year-on-year to $18.4 billion. One factor for the decline was the shrinking of the business with notebook chips by 14 percent to almost six billion dollars, as Intel announced after the US stock market closed on Thursday.

The PC market, which had experienced a boom since 2020 with increased working and learning from home in the corona pandemic, had run out of steam in the quarter. According to calculations by the market research company IDC, sales of personal computers fell by around five percent year-on-year.

In contrast, Intel was able to increase chips for data centers again: Sales grew by 22 percent to a good six billion dollars.

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