The company lowered its full-year sales prospects in July. The company previously failed to meet second quarter earnings estimates.
Due to high inflation and the fact that office, business and school operations are not limited by closures, people are spending less on computers than pandemic restrictions. Chip makers are under pressure due to pandemic restrictions in China’s key market, as well as the conflict in Ukraine. These problems have led to a worsening of the situation in the supply chains and a reduction in demand.
The global PC market experienced a record collapse in the third quarter due to economic uncertainty and excess unsold inventory. Research firm Gartner said this week that total PC shipments fell 19.5% year-over-year, the strongest drop in more than 20 years that Gartner has tracked data. Sales fell for the fourth consecutive quarter.
A giant chip factory will be built in Venice, Italy
Hardware
