Intel CEO says worst of sales slump is over but server-chip woes prove a drag on revenue forecast

Source: Tech – South China Morning PostIntel Corp Chief Executive Officer Pat Gelsinger said the worst of a sales slump has passed and struck a bullish tone about the chipmaker’s prospects for the rest of the year and beyond. Investors are waiting to see proof that the company can regain dominance in the semiconductor industry.The key to winning them over will be Gelsinger’s ability to lure back some of the largest companies in technology – cloud giants like Amazon and Alphabet’s Google – whose purchases of server chips for data…Read More

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