
-
Top South Korean judge faces disinformation deluge as Yoon impeachment looms
-
Rapper A$AP Rocky found not guilty in assault trial
-
Brazil prosecutor charges Bolsonaro over failed coup plot
-
US tariffs threat a 'shock' to Canadian businesses
-
US judge declines to block Musk from accessing data, firing workers
-
Mourinho eyes Europa League run with Fenerbahce
-
Pod of 157 dolphins stranded on remote Australian beach
-
US lawmakers confirm Howard Lutnick as commerce secretary
-
Bayern's Kane says injury could keep him out against Frankfurt
-
Bayern edge out Celtic to reach Champions League last 16 as Milan are dumped out
-
Colombian president alleges plot to down his plane with missiles
-
Trump moves to widen IVF access, risking conservative fury
-
Doncic energizes LeBron as NBA homestretch begins
-
Bayern score late to see off Celtic in Champions League
-
China condemns US 'tariff shocks' at WTO
-
Club Brugge dump Atalanta out of Champions League
-
Formula One great Hamilton 'invigorated' by Ferrari move ahead of new season
-
France probes 2012 reporters' deaths in Syria as crime against humanity
-
Benfica hold off Monaco to reach Champions League last 16
-
England coach Borthwick has faith in 'world-class goal-kicker' Marcus Smith
-
Feyenoord reach Champions League last 16 as Hernandez lets down AC Milan
-
More fireworks expected in emotional USA-Canada hockey rematch
-
F1 champion Verstappen expects Hamilton to be 'reborn' at Ferrari
-
Argentine appeals court throws out rape case against French rugby players
-
Shakira medical record leak sparks Peru investigation
-
Argentine appeals court throws out rape case against French rugbiers
-
Macron says Trump 'can restart useful dialogue' with Putin
-
Feyenoord knock out 10-man AC Milan to reach Champions League last 16
-
Verstappen says Red Bull resilience key to bid for fifth straight F1 title
-
'City killer' asteroid now has 3.1% chance of hitting Earth: NASA
-
LAFC star Giroud suffers home theft of $500,000 in jewelry: report
-
Berrettini ends Djokovic comeback at Qatar Open
-
Formula One chiefs plan changes to spice up Monaco Grand Prix
-
Ex-Springbok Rhule calls time on rugby career
-
Ireland and New Zealand return to Chicago in Autumn Series
-
Hamas, Israel agree return of six hostages, bodies held in Gaza
-
Global stocks unfazed as US and Russia hold talks
-
England bring in Chessum for Scotland Six Nations clash
-
Argentine Olympic sailor's ex-trainer arrested for alleged abuse
-
Russell has 'no concerns' over Verstappen after Abu Dhabi row
-
Linklater, Hawke team up again for musical drama 'Blue Moon'
-
Zelensky slams US-Russia talks, urges 'fair' negotiations
-
Video shows Toronto plane's hard landing before flipping
-
Lebanon presses for full Israeli withdrawal after troops remain in 5 points
-
Teen sensation Antonelli adamant he's no 'replacement' for Hamilton
-
Russia, US to name negotiators on ending Ukraine war
-
US lawmakers due to confirm Howard Lutnick as commerce secretary
-
Global stocks steady as US and Russia hold talks
-
Hamas to free 6 Israeli Gaza hostages, hand over 4 bodies this week
-
Shenhua thrash Kobe to stay alive in Asian Champions League

Chipmaker Intel beats revenue expectations amidst Q4 loss
Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.
The company posted a net loss of $126 million for the quarter ending December 28, compared to a profit of $2.67 billion in the same period last year.
Revenue declined seven percent to $14.3 billion, which was slightly better than expected by analysts.
The company's share price rose two percent in after-hours trading following the earnings release.
"While Intel's revenue decline remains concerning, the overall results came in ahead of the most pessimistic forecasts, possibly propped by broader market and geopolitical factors," said Emarketer analyst Jacob Bourne.
For the full year 2024, Intel recorded a substantial net loss of $18.8 billion, compared to a profit of $1.7 billion in 2023, largely due to restructuring charges and challenging market conditions.
Intel is one of Silicon Valley's most iconic companies, but its fortunes have been eclipsed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.
The company was also caught by surprise with the emergence of Nvidia, a graphics chip maker, as the world's preeminent AI chip provider.
Last month, Intel's Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn the company around.
His abrupt departure came after the company in August vowed to cut more than 15,000 jobs in a draconian cost reduction plan, and paused or delayed construction on several chipmaking facilities.
Intel's shares fell 60 percent last year, and its market valuation is about $90 billion, just a fraction of Nvidia, which makes the premium chips that are fueling the AI boom.
- DeepSeek -
Despite the losses, interim co-CEO Michelle Johnston Holthaus highlighted positive developments. "The fourth quarter was a positive step forward as we delivered revenue, gross margin and EPS above our guidance," she said.
Holthaus told analysts during an earnings call that Intel could find opportunities to capitalize on buzz generated this week by Chinese startup DeepSeek, with its powerful new chatbot developed at a fraction of the cost of its US competitors.
"Because if we've seen anything this week, when there are constraints put on customers, they figure out different ways to deploy technology," Holthaus said when asked about DeepSeek.
Intel has chips and other assets it can "leverage" to win over customers looking to power AI without having to resort to premium Nvidia GPUs, Holthaus argued.
"That's a great opportunity, and something that I'm looking at to see if there are ways that we can be disruptive there," Holthaus said.
The company's Client Computing Group, which includes PC chips, saw revenue fall 9 percent to $8 billion in the fourth quarter. However, Intel reported strong momentum in AI components for personal computers, saying it's on track to ship more than 100 million AI PCs by the end of 2025.
Intel has been engaged with the new presidential administration of Donald Trump and "feels good" about the effort to promote chipmaking in the United States, according to co-chief executive David Zinsner.
"This is a very positive sign, obviously, for us," Zinsner said.
The earnings report came as Intel continues its search for a permanent CEO.
O.Krause--BTB