Intel forecast current-quarter profit and revenue above estimates and raised its full-year revenue forecast on Thursday, allaying concerns about a global semiconductor sales slowdown and curbs on US sales to China’s Huawei Technologies. Intel shares rose 4.9 percent to $54.70 in extended trading. The chip industry is in a slowdown, with research firm Gartner forecasting a 9.6 percent drop
Month: July 2019
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Apple acquiring most of Intel’s smartphone modem business in $1B deal Apple has entered into a deal to acquire a majority
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