Intel’s Problems Haven’t Gone Away

Updated June 9, 2022 8:37 am ET / Original June 9, 2022 3:30 am ET

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Intel’s long slumber has turned into a bad dream. This week, the company said a slowing global economy is hurting its business, while also acknowledging another delay for one of its most important products.

Chief Financial Officer David Zinsner told investors that the business environment had shifted rapidly from where it was just a month ago. On “the macro side, clearly it’s weaker,” Zinsner said at a Bank of America technology conference on Tuesday. Customer inventory reductions and component supply issues have been “much…

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