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Revenue grew by 7.2% y-o-y, reflecting a return to growth after several quarters marked by declines.
Intel expanded assembly and testing facilities in Penang, Malaysia, to meet rising packaging demand.
KEY POINTS
- Data Center and AI segment revenue hit $5.1bn, surpassing analyst estimates of $4.41bn.
- Intel's recovery in AI is supported by US government investments to reshore semiconductor production.
- Intel forecasts Q2 revenue of $13.8bn–$14.8bn and adjusted EPS of 20 cents, above market expectations.
COMPANIES
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