Intel tries to turn around the business of providing chips to data centres

Data centre revenue dropped 16% last quarter from a year earlier, and the business’s operating margin collapsed to 5% from 38%

Intel’s shares are down 44% in 2022, an even worse rout than the rest of the chip industry suffered this year. Picture: Intel Corporation

Intel, one of the largest private employers in Ireland, aims to turn around the once thriving businesses of providing chips to data centres.

The business of providing the microprocessors that run the internet and corporate networks had long been the crown jewel of what was the world’s largest chipmaker.