Intel Profit Falls With Slow Growth in Key Data Center Unit

  • Second quarter that growth in the unit fell below 10 percent
  • Net income falls 51 percent to $1.3 billion on job cut charge

Intel CFO: We're Cautious on PC Market, Expect Decline

Intel Corp., the world’s biggest semiconductor maker, reported slower growth in its server-chip division, creating concern that the company’s most profitable business won’t be able to make up for weakness in the personal computer market. The shares fell.

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