AMD Warns About 10% Decline in 1Q Revenue
By Sabela Ojea
Advanced Micro Devices Inc. on Tuesday it warned about delivering a cut in revenue in the first quarter of 2023.
The chip maker said it expects revenue for the quarter of about $5.3 billion, plus or minus $300 million, which represents a 10% drop in revenue from the same period a year earlier.
The company, which posted a 51% drop in revenue for its customer segment in its latest quarter, said that revenue in relation to the PC market is expected to continue to decline.
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(END) Dow Jones Newswires