Intel, which just finished one of the most challenging years in its history, stated that it anticipates a more than 6% decline in revenue in the first half of 2025. The company attributed its challenging forecast to a sluggish demand from its core customers, rising competition, and an uncertain global economy.
Chief Financial Officer David Zinsner stated, “We will continue to be extremely focused on execution in order to build on our progress and unlock value.” He is one of two executives serving as Intel’s temporary leader as the company looks for a replacement for Pat Gelsinger, who announced his sudden retirement last month.
