CPU

Intel (INTC) reported strong Q3 revenue exceeding expectations, signaling a PC market recovery. CEO Lip-Bu Tan showcased the upcoming Panther Lake CPU. Revenue reached $13.65 billion, with adjusted EPS at 23 cents. A $5.7B government grant impacted net income. Q4 revenue is projected at $13.3B. Intel partners with Nvidia for AI integration, while its foundry division faces challenges attracting external clients. Workforce reductions continue as Intel navigates a competitive landscape and invests in its foundry and AI strategies.