Downbeat forecast from Intel

Intel’s  $18.35 billion Q1 revenue beat expectations though down 7% y-o-y. Gross margin was 50.4% down from 55.2%. “We expect the industry will continue to see challenges until at least 2024 in areas like capacity and tool availability,”  Intel CEO Pat Gelsinger told the earnings call. PC chip revenue of $9.29 billion  was down 13% ...

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