PALO ALTO, U.S.-- Intel's revenue plunged 20% in the third quarter, and the semiconductor industry is bracing for weaker global chip demand owing to a macroeconomic slowdown and stricter U.S. controls on exports to China.
Semiconductors
Intel reports 20% revenue drop with more bad news ahead
U.S. chipmaker aims to cut costs by $3bn in 2023 as demand weakens
Intel has lowered its full-year revenue guidance for 2022. © Reuters
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