Intel Returns to Profitability Amid Government Backing and Restructuring
Intel has reportedly swung to a $4.1 billion quarterly profit following significant U.S. government investment and aggressive cost-cutting measures. The chipmaker’s recovery comes as it battles to regain market share lost to competitors in mobile and AI sectors.
Financial Rebound After Years of Struggle
Intel appears to be staging a financial comeback, with reports indicating the semiconductor giant posted a substantial $4.1 billion profit last quarter. That represents a dramatic reversal from the staggering $17 billion loss the company reportedly suffered during the same period last year. According to financial analysts, revenue climbed modestly to $13.7 billion—a 3% year-over-year increase that suggests the company’s aggressive restructuring may be starting to yield results.