Urban Tech Story | Intel sales fall by a fifth

Due to the sluggish PC market, Intel announced the Q3 2022 as of October 1 financial report, the quarter’s sales were $15.3 billion, down 20% year-on-year, and net profit was $1 billion, down 85% year-on-year. Intel forecasts sales of $14 billion to $15 billion for the current quarter, with full-year sales falling to $64 billion. Intel also revealed that its Intel 4 (7nm process) is progressing smoothly into mass production, with the 14th generation Core processors ready to enter early production,