Bloomberg

Intel’s Sales Forecast Falls Short as Data Center Revenue Sags

(Bloomberg) — Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center business continues to suffer market share losses in the face of stiffer competition.Sales in the current period will be about $18.2 billion, Intel said in a statement Thursday. That compares with average analyst projections of $18.3 billion. Adjusted gross margin, a measure of profitability, will be about 55%, the company said, and per-share profit is fo

Read More