Intel Q3 sales beat estimates at $13.65B as PC chip demand recovers; U.S. government becomes top shareholder with $8.9B investment, 433M shares at $20.47 each

Intel beats on sales in first earnings report since U.S. government became top shareholder

Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona. Panther Lake is the first client system-on-chips (SoCs) built on the Intel 18A process node.Courtesy: IntelIntel reported better-than-expected revenue on Thursday, signaling that demand for its core x86 processors for PCs has recovered. The stock jumped 6% in extended trading. Here's how Intel did in the third quarter versus LSEG cons...