Intel revenue plunges 36% to $11.7 bn in first quarter

Intel has reported first-quarter revenue of $11.7 billion (–36 percent) fuelled by poor demand for most of its business divisions.
Intel India businessIntel has generated first quarter revenue of $5.8 billion (–38 percent) from Client Computing Group (CCG), $3.7 billion (–39 percent) from Data Center and AI (DCAI), $1.5 billion (–30 percent) from Network and Edge (NEX), $458 million (+16 percent) from Mobileye and $118 million (–24 percent) from Intel Foundry Services (IFS).

Intel is forecasting second-quarter 2023 revenue of $11.5 billion to $12.5 billion, the semiconductor major said in its earnings report.