Intel announces third quarter 2024 financial results

Intel's financial report for the third quarter of 2024 showed that the company's revenue exceeded expectations. Revenue for this quarter reached US$13.3 billion, a decrease of 6% year-on-year, but an increase of US$500 million from the previous quarter. Intel CEO Pat Gelsinger said the company has made significant progress in reducing costs, optimizing its product portfolio and improving organizational efficiency.