Intel issues weak forecast, citing seasonality and an uncertain economy
1. Intel's revenue declined for the third consecutive quarter, dropping 7% year-over-year. 2. The company reported earnings of 13 cents per share, beating estimates, but issued weak guidance. 3. Co-CEOs aim to enhance competitive position amidst AI market growth challenges. 4. Intel received a $7.86 billion U.S. government grant for manufacturing support.