Intel Lost Half a Billion Dollars Last Quarter, Confirmed Pricing Increases, And Shut Down Optane
The bad performance of Intel this past quarter was partially attributable to lower PC sales, but the company's graphics segment also suffered a significant $507 million operational loss. The chipmaker mentioned that it will shut down its Optane memory division and verified speculations that it planned to raise pricing for a number of its chips in Q4.On Thursday, Intel announced its 2022 second-quarter earnings report. The company's sales decreased by 22% year over year to $15.3 billion, and it recorded a net loss of $454 million at the conclusion of the quarter, down by 109% from the $5 billion in profit in Q2 2021.The recent fall in economic activity, which was partially to blame for the deteriorating demand for PCs and componentry, was cited by the chipmaker. As a result of ...