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Chinese demand, falling pricing, cloud slowdown all weigh on Intel

Malia Spencer
Chinese demand, falling pricing, cloud slowdown all weigh on Intel

A steep decline in memory pricing, a slowdown in purchasing by cloud infrastructure customers and dramatic headwinds in China all led to Intel’s slashed guidance for the year, CEO Bob Swan told analysts. On a conference call with analysts, Swan noted that the company came off a record 2018, which means year-over-year comparisons will be tough. Two of those trends are hitting Intel in what has been its growth engine: the data center business.