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in Tech

Intel reports largest quarterly loss in company history

by Editor April 28, 2023, 11:45 pm 1.1k Views

Intel reports largest quarterly loss in company history

Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022.

Jonathan Ernst | Reuters

Intel reported

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on Thursday that showed a staggering 133% annual reduction in earnings per share. Revenue dropped nearly 36% year over year to $11.7 billion.

Still, the…

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Go away already

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