In the wake of Intel’s declining revenue reported last week, AMD offered a glimmer of hope for the semiconductor industry, with a higher-than-expected earnings report for the fourth quarter. But even AMD sounded a cautionary note in an otherwise positive earnings report. While revenue from AMD’s data center business jumped 42%, to $1.7 billion in […]
For the fourth consecutive quarter, Intel’s revenue spiraled down as sagging PC sales, mounting competitive pressures and tightening IT budgets continue to weigh on the company’s financial performance. Intel’s fourth-quarter revenue plummeted 32%, to $14.04 billion. The company reported a $664 million net loss, compared with a profit of $4.62 billion in the year-ago quarter. […]