Intel CEO Lip-Bu Tan gives shareholders the ‘disappointing’ news: We are not able to…
Intel's CEO expressed disappointment over unmet market demand, as the chip giant reported a significant quarterly loss and projected further losses. Supply shortages and production ramp-up costs are impacting revenue, which fell short of expectations. Despite government support and recent stock surges, the company faces execution challenges and disappointing fabrication yields, raising concerns about its turnaround strategy.
Intel's CEO expressed disappointment over unmet market demand, as the chip giant reported a significant quarterly loss and projected further losses. Supply shortages and production ramp-up costs are impacting revenue, which fell short of expectations. Despite government support and recent stock surges, the company faces execution challenges and disappointing fabrication yields, raising concerns about its turnaround strategy.
