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Intel's problems continue: AMD erodes market share, credit rating downgraded, event postponed | It's grim times at Intel

The latest piece of news Intel could have done without comes from Mercury Research (via PC Gamer). The PC component market research group's most recent report shows...

The issues with the Raptor Lake CPUs are just the tip of the iceberg as Intel deals with a declining share in CPU markets, a class action lawsuit, poor financial results, mass layoffs, and Moody's downgrading its senior unsecured rating. Mercury does note that Intel's total x86 chip market share has increased, but that's only due to AMD providing its SoCs for gaming consoles, which have seen their sales, especially Xbox ones, decline as they draw near the end of their current lifecycle and upgrades such as the PS5 Pro are on the horizon. In a statement, Intel told PCMag: "Given our financial results and outlook for the second half of 2024, which is tougher than previously expected, we are having to make some tough decisions as we continue to align our cost structure and look to assess how we rebuild a sustainable engine of process technology leadership.

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