March 28, 2023
0729 intel headquarters image 3 960 0

Intel’s third-quarter revenue fell another 20%, announced it would launch a cost-saving plan

Intel (Intel) announced its third-quarter earnings report on Thursday (10/27), which recorded revenue of $15.3 billion in the quarter, which was comparable to the previous quarter, but down 20% from the same period last year. Intel’s earnings per share for the quarter were 0.25 US dollar, down 85%. At the same time, Intel also announced that it will start a $3 billion cost-saving plan in 2023, and will gradually expand the plan. By 2025, the annual cost may be reduced by $8 billion to $10 billion.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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