The company expects revenue to be between US$12.5-billion and $13.5-billion for the quarter
said on Thursday it would cut 15% of its work force and will suspend its dividend in the fourth quarter as the chip maker pursues a turnaround centred around its loss-making manufacturing business.
In February last year, the company had set out to provide annual cost savings between $8 billion and $10 billion by 2025. A key force in the PC revolution, Intel is now trailing Nvidia in the booming artificial intelligence processor market while its data centre business is facing threat from a resurgent AMD.
Company Quarter Revenue Amd Turnaround Dividend Business Arm Holdings AMD TSMC
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reviewers Say This $13 Glow Balm Is Miles Better Than The Expensive VersionI'm a HuffPost Shopping writer who loves organization and problem-solving.
Read more »
Reviewers Say This $13 Glow Balm Is Miles Better Than The Expensive VersionI'm a HuffPost Shopping writer who loves organization and problem-solving.
Read more »
The $13 Amazon Sunglasses I'm Wearing Everywhere This SummerKristen Adaway is a staff writer at HuffPost where she covers shopping trends and problem-solving products. She is based in New York.
Read more »
Hurricanes re-sign Necas to two-year, $13 million contractThe Carolina Hurricanes have agreed to a two-year, $13 million deal with forward Martin Necas, keeping one of its most skilled offensive players through the 2025-26 season.
Read more »
This Sharpener Can Restore Your Knives From 'Butter Knife Dull' — And It's Only $13A culture and product journalist for over ten years, Kevin is an expert in men’s style, gaming, coffee, hiking, gear, and all things outdoors. He most recently worked as a Reviews Editor for Runner's World, Bicycling, and Popular Mechanics, and previously served as Style Editor for Reviewed, a top product recommendation site owned by USA TODAY.
Read more »
Luxury heir alleges his US$13 billion Hermès fortune has vanishedAn octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.
Read more »