Intel shares fell about 28% on Friday after the company issued a weaker-than-expected fourth-quarter outlook. The decline cut $12 billion from the value of the U.S. government's Intel stake, CNBC reported. Pressure on Intel's PC business includes higher memory-chip prices and tighter corporate IT budgets for laptops; the wider tech industry, particularly chipmakers, also sold off.
Reporting from 7 identified publishers across this event arc.
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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