Intel reports fourth quarter 2024 operating results, with total revenue decreasing by 7% from the same period the previous year to $14.26 billion and a net loss of $153 million.
Michelle Johnston Holthaus, Intel’s product leader, and David Zinsner, Intel’s CFO, both holding interim co-CEO positions, stated that Intel is currently maintaining its competitive status and delivering shareholder value.
Both mentioned that the search for a new Intel CEO to replace Pat Gelsinger is ongoing, with no progress to report at this time.
Revenue from Intel Products business group stands at $13.027 billion, with the Client group declining by 9% and Data Center and AI by 3%. The Intel Foundry business group generated $14.26 billion in revenue but incurred a loss of $2.26 billion from this operation.
Source: Intel and CNBC
TLDR: Intel’s Q4 2024 results show a 7% revenue decrease, with leadership focused on maintaining competitiveness and delivering shareholder value while the search for a new CEO continues.
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