SAN FRANCISCO: Intel posted a fourth-quarter net loss of US$126 million, marking a sharp decline from a US$2.67 billion profit in the same period last year. Revenue fell 7% to US$14.3 billion, slightly surpassing analyst expectations.
Despite the struggles, Intel’s stock rose 2% in after-hours trading, as interim co-CEO Michelle Johnston Holthaus highlighted positive signs, including strong AI PC momentum.
The US chip giant faces intense competition from Nvidia, TSMC, and Samsung, which dominate AI and semiconductor markets. Last year, Intel cut 15,000 jobs and delayed facility expansions, while CEO Pat Gelsinger was ousted due to concerns over his turnaround strategy.
Looking ahead, Intel aims to ship 100 million AI PCs by 2025, hoping to regain market relevance amid the AI boom. The company is still searching for a permanent CEO to lead its next phase.
