The chip manufacturer records a loss of billions.
(Photo: dpa)
Santa Clara Intel posted a quarterly loss of $2.8 billion after being in the black from $8.1 billion a year earlier. Sales fell 36 percent year-on-year to $11.7 billion, Intel announced after the US stock market closed on Thursday.
On the one hand, Intel is struggling with the cooling of the PC market after the boom in the pandemic – business shrank by 38 percent to $ 5.8 billion. But technology for data centers also went down again: the division’s sales fell by 39 percent to $ 3.7 billion. For the current quarter, Intel expects revenues between 11.5 and 12.5 billion dollars and again with red numbers.
Intel boss Pat Gelsinger is trying to get the industry giant back on track after delays in new processor generations and other problems. Among other things, his plan includes making Intel more of a contract manufacturer for other chip providers. The group also wants to expand capacities in Europe with a factory in Germany.
The share initially rose by four percent in after-hours trading – because analysts had expected even worse numbers. But a little later it turned negative and lost a good 1.5 percent.
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