This is the second consecutive quarter in the red for the group, which had already lost $ 664 million in the last quarter of 2022. In the first quarter of last year, it had earned $8 billion in net profit.
Its revenue fell, plunging 36 percent year-on-year, to $11.7 billion, its lowest level in more than a decade.Intel embarked on a vast reorganization in 2021 under the leadership of CEO Pat Gelsinger, but the group will take time to catch up.