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Benzinga
Benzinga
Business
Ananya Gairola

Under AMD, Qualcomm Competitive Heat, Intel Gets Hit With Fitch Credit Downgrade

Santa,Clara,,Ca,,Usa,-,Nov,22,,2023:,Intel,Corporation's

Intel Corp. (NASDAQ:INTC) has been downgraded by Fitch Ratings, which cited growing pressure from rivals Advanced Micro Devices (NASDAQ:AMD) and Qualcomm Inc. (NASDAQ:QCOM) and the company's ongoing struggle to maintain demand for its semiconductor products.

Fitch Cuts Intel's Credit Rating To BBB With Negative Outlook

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