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

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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.

Under Chief Executive Officer Brian Krzanich, Intel is trying to find new uses for its processors as the personal computer market, its main source of revenue, suffers a fifth straight year of shrinking sales. But the results Wednesday show the company’s biggest growth driver, the data center unit, is also slowing.