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Intel CEO Pat Gelsinger — REUTERS/File Photo

INTEL Corp chief executive officer (CEO) Pat Gelsinger slashed sales and profit forecasts for the rest of the year, conceding that the struggling chipmaker needs more time to make its products competitive while assuring investors that the current quarter will be the nadir.

The company, which in April had reiterated its annual sales forecast, reported steeply lower second-quarter results and said revenue this year will be as much as US$11bil (RM49bil) less than projected, buffeted by a slackening economy and server market-share losses.

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    皇冠信用网开户(www.hg108.vip)
    (2022-09-11 00:18:20) 1#

    First of all, we can all agree that other than several central banks that were seen to be ahead of the curve in terms of raising interest rates from record lows or taking preemptive measures against rising inflationary pressure, especially the Bank of Korea (BoK) with a rate hike in August last year and the Monetary Authority of Singapore’s (MAS) move to raise slightly the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band in October last year, the Federal Reserve (Fed) missed the boat.这是爽文啊

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