Intel CEO Sees Revenue Growth Gaining Pace Starting Next Year

Intel Corp. Chief Executive Pat Gelsinger set a goal for the company to reach double-digit revenue growth in three to four years, as the semiconductor giant detailed the financial implications of a multiyear turnaround plan.

Mr. Gelsinger, now just over a year in the CEO role, on Thursday said top-line growth this year would be “moderate” and start to pick up next year. Around 2025 or 2026, sales should increase 10% to 12% a year and remain at a double-digit pace going forward.

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