Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Intel reported a decline in sales and a net loss in the fourth quarter as the US chipmaker attempts a turnaround after turmoil that led to the ouster of chief executive Pat Gelsinger last year.The Silicon Valley group said its revenues fell 7 per cent year on year in the fourth quarter to $14.3bn. It also posted a net loss of about $126mn, compared with a $2.7bn profit in the same period the previous year. Analysts had forecast a fourth-quarter loss of $838mn on sales of $13.8bn. \u201cThe cost-reduction plan we announced last year to improve the trajectory of the company is having an impact,\u201d said David Zinsner, interim co-CEO and chief financial officer. \u201cWe are fostering a culture of efficiency across the business while driving towards greater returns on our invested capital and improved profitability.\u201dIntel is still searching for a replacement chief executive to try to revive its fortunes. Gelsinger was forced out in December after four years as CEO amid mounting pressure from investors who lost faith in his vision for turning around the business by reinventing it as a client-facing chip manufacturing business. The company reported a $16.6bn loss in the third quarter of 2024, the largest quarterly loss in its history.Intel\u2019s forecasts for sales and profits in the first quarter of 2025 fell short of Wall Street projections. The group said current quarter revenues will be between $11.7bn and $12.7bn, missing average analysts\u2019 estimates of $12.9bn. Intel\u2019s shares rose about 2 per cent in after-hours trading in New York. <\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Intel reported a decline in sales and a net loss in the fourth quarter as the US chipmaker attempts a turnaround after turmoil that led to<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-187231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/187231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=187231"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/187231\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=187231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=187231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=187231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}