Reported 2 months ago
Intel has reported a significant net loss of $1.6 billion in Q2, primarily due to its aggressive strategy to dominate the AI PC market with its Meteor Lake chips. Despite having shipped over 15 million units, the company's gross margins are suffering, with the expensive outsourcing of its upcoming Lunar Lake chips contributing to further profit pressures. Analysts suggest that improvements may come with the Panther Lake chip expected in 2025, which aims to restore better cost structures through in-house production.
Source: YAHOO