Industry

Industry

The business side of tech. Developments, legal face-offs, acquisitions, and technology trends.

intel financials

Intel posts biggest quarterly loss in company history as processor sales plunge

Bottom line: Unlike other tech giants like Microsoft and Google, Intel's bottom line is hurting this year. The company saw a $2.8 billion loss in Q1 – the worst in its history and a major hit at a time when it is scrambling to pivot towards an open foundry model and protect its future. CEO Pat Gelsinger assumed a lot of risks with the new strategy and believes it will pay off in spades, but we'll have to wait and see.
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