Intel CFO says tariffs increase chance for economic slowdown, recession getting likelier

US tariffs backfire: Economic indices falter

America's tariff policy is boomeranging, negatively impacting the domestic economy and raising fears of a prolonged slowdown. In recent weeks, several leading institutions have raised their projections of a US recession this year, while other key indices

Intel CFO says tariffs increase chance for economic slowdown, recession getting likelier

Intel's revenue forecast included a "wider than normal" range, which the company said was due to uncertainty caused by tariffs

Specifically, the U.S. firm expects revenues in the second quarter to be in a range of between $11,200 and $12.4 billion, well below the $12.8 billion expected by analysts. Likewise, the company projects that the adjusted share profits (BPA) will be $0, while the market anticipated that this metric would rise to 6 or 7 cents. "The current macroeconomic environment is creating high uncertainty across the sector, which is reflected in our prospect…

Intel warns of rising recession risk amid tariff-driven uncertainty

Chipmaker beats Q1 expectations, but outlook dims as customers hedge bets and new CEO flattens structure   Intel has warned that President Donald Trump’s escalating trade tariffs, along with foreign retaliatory measures, have significantly raised the probability of a global economic slowdown and potential recession. Speaking on the company’s first-quarter earnings call, CFO David Zinsner said “fluid trade policies” and regulatory risks were crea…

Intel customers are buying up all its older CPUs to beat tariffs

How are Intel’s customers weathering tariffs and a possible recession? By buying Intel’s older products, and not its latest chips. Intel chief financial officer David Zinsner told analysts on Thursday that Intel sold more volume in its Raptor Lake chips than Lunar Lake, suggesting that customers preferred the higher-performance Raptor Lake chips that debuted in 2023 versus the latest Lunar Lake chip that launched last September. Meanwhile, Zinsn…