Intel Sees Rising Recession Risk From Tariffs; Stock Slides
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Intel cautioned that higher costs from the Trump administration’s tariffs created uncertainty for the chip maker. “We will certainly see costs increase and we feel it prudent to anticipate” a contraction, said David Zinsner, the company's chief financial officer, on Thursday. Because of the economic uncertainty and difficulty planning, Intel gave a wider-than-normal projection for the current quarter of $11.2 billion to $12.4 billion.
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