Intel’s second-quarter revenue loss

Intel reported its Q2 earnings , with sales falling for the second consecutive quarter: Q2 sales fell 22% to $15.3 billion, with a net loss of $454 million, compared with a profit of $5.75 billion a year earlier. Among them, PC chip division revenue fell 25% to $7.7 billion, and data center chip division sales fell 16% to $4.6 billion. CEO Pat Gelsinger cited the sudden and rapid decline in economic activity as the leading cause of the loss, but it also reflected execution problems in areas such as product design.

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