Chip deficiency

“We are at the bottom”: Intel is rapidly losing profits and is waiting for support from the government

The report for the second quarter from Intel turned out to be disappointing – the company lost 22% of revenue compared to last year. Profitability fell to 36.5% from 50.4%, and the net loss was $454 million. Intel shares fell 10% after financial results were released, reports CNBC. “The sudden ... Read more

The shortage of microcircuits is decreasing. This is noted by global manufacturers

Executives of Hyundai, Electrolux, and other global manufacturers said they are seeing a reduction in the shortage of microcircuits. This is good news for all the tech companies that have been competing for chips for a long time. This is reported by Reuters. Hyundai had its best quarterly profit in ... Read more