Intel has been particularly affected, reporting record losses in its most recent financial results. The company lost $2.8 billion in just three months and experienced a significant 36% drop in overall revenue compared to the same period in 2022. In response, Intel has announced its focus on identifying cost reductions and efficiency gains through various initiatives, which suggests budget cuts and potential layoffs. The hope is that the release of the new Meteor Lake chips will help stabilize the company’s financial situation and propel it forward.
As the tech industry continues to navigate challenges, the success of Intel’s Meteor Lake CPUs could provide a much-needed boost to the company and help it regain its competitive edge.
