Australia markets open in 7 hours 36 minutes
  • ALL ORDS

    7,200.70
    +58.50 (+0.82%)
     
  • AUD/USD

    0.6684
    +0.0010 (+0.16%)
     
  • ASX 200

    7,015.60
    +60.20 (+0.87%)
     
  • OIL

    70.31
    +0.64 (+0.92%)
     
  • GOLD

    1,954.60
    +13.50 (+0.70%)
     
  • Bitcoin AUD

    42,946.46
    +1,100.89 (+2.63%)
     
  • CMC Crypto 200

    624.75
    +8.81 (+1.43%)
     

A Silver Lining in Intel's Miserable Earnings Report

A Silver Lining in Intel's Miserable Earnings Report

Few things went right for chip giant Intel (NASDAQ: INTC) in the fourth quarter. In the PC market, a dramatic tumble in demand that played out in the second half of 2022 transformed component shortages into gluts. Intel shipped PC central processing units (CPUs) at a rate that was about 10% below consumption throughout 2022, with that gap expanding in Q4 and expected to further widen in Q1 2023.