Intel forecast falls short of estimates, fanning tariff worries

Intel forecast weaker-than-expected second-quarter revenue, unsettling investors during new CEO Lip-Bu Tan's debut. Ongoing Sino-US trade tensions and tariff uncertainty are impacting sales, while Tan plans cost-cutting, layoffs, and reduced bureaucracy. Despite a flat first-quarter revenue of $12.67 billion, future outlook remains cautious amid fierce competition and restructuring efforts.