Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'
Publishing timestamp: 2025-07-24 20:09:05
Summary
Intel reported second-quarter results that beat Wall Street expectations on revenue, but announced significant cuts in chip factory construction. The new CEO mentioned that the first few months of his tenure had been difficult, and the company is making efforts to reduce expenses and streamline operations. Intel shares are up 13% this year after a 60% drop in 2024.
Sentiment: MIXED
Keywords: intel corp, business, apple inc, advanced micro devices inc, earnings, business news, breaking news: technology, mobile, technology,
Source: https://www.cnbc.com/2025/07/24/intel-intc-earnings-report-q2-2025.html