The high inflation and crisis experienced in the global economy started to show its effects on the financial statements in this period. Technology giants, which broke profit records during the pandemic period, started to break records of loss this time.Historic drop from Intel
According to the statement made by the company, new year first quarter revenues decreased by 36 percent to 11.7 billion dollars. At this time last year, the company had revenue of $18.4 billion. Net loss was $2.8 billion, a record 134 percent increase. Loss per share, on the other hand, grew by 133 percent with 66 cents. It is said to be the biggest drop in Intel’s history.
The biggest loss of the company was in the personal computer and data center divisions, with a 38 percent decline. Foundry facilities fell 24 percent and network equipment fell 30 percent. It is stated that only the Mobileye division has increased by 16 percent.
Intel now wants to leave the bad days behind. In order to get a share of the 1 trillion dollar pie that will emerge in the chip casting industry, the company continues the construction of newer and more advanced casting facilities.
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