Intel is providing its first earnings report since announcing that it's exiting the 5G smartphone market.
Intel will report first-quarter earnings after the close of trading on Thursday. Executives will discuss the results with analysts at 5 p.m. Eastern time.The report will be the first for CEO Bob Swan since he was named permanent CEO in January. Swan, who became Intel's finance chief in 2016, took the top job on an interim basis last year after Brian Krzanich was ousted for what the company called a"consensual relationship" with an employee.
That leaves the company increasingly reliant on the data center business, where Intel has dominant market share in providing chips for servers. An additional problem for Intel is the company hasn't been making enough central processing units to meet PC demand.
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