EconomicIsrael·29 Oct 2026
Intel forecasts lower revenue amid PC market weakness and Israel fab disruption
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Intel projected fourth-quarter revenue between $15 billion and $16 billion, falling short of the $17.07 billion estimate, after reporting that a factory explosion in Kiryat Gat, Israel, caused a $300 million revenue impact. CFO David Zinsner stated that the facility was non-operational for two weeks, affecting the production of data center chips and…
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