Intel Focusing on Innovation, Growing Portfolio in Face of Declining Revenues, Fierce Competition
Too Long; Didn't ReadIntel recorded a $664 million loss overall in the year's last quarter. Revenues were down 32% to $14 billion. CEO Pat Gelsinger remained upbeat about the future growth of the company. Despite acknowledging that the business may continue to decline, he stated that such a decline may only last for the first quarter.