Intel shares erase almost all their 2023 gains after poor earnings and a chip glut

The cooling of the semiconductor market is happening faster—and proving colder—than companies might have expected, as chip firms across the board face a tougher market owing to a combination of excess inventory at retailers and a cooling market for consumer electronics.
Read more: https://fortune.com/2023/01/27/intel-q4-earnings-chips-semiconductors-inventory-revenue-tsmc-samsung/?source=Snapzu