According to Intel, PC demand has decreased to the point where PC manufacturers are dramatically reducing their product inventories, which has caused a decline in orders for the company’s processors.

During the second quarter, Intel’s revenue fell by 22% from the prior year due to weaker demand. Additionally, the chip manufacturer reported a $500 million loss rather than a profit for the time period.

As some of our major customers are lowering inventory levels at a rate not seen in the last ten years, it is crucial to note that our Q2 PC unit quantities show we are delivering below consumption, according to firm CEO Pat Gelsinger.

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