Intel CEO Pat Gelsinger: "Some of our largest customers are reducing inventory levels at a rate not seen in the last decade," Intel claims PC demand has declined so much that PC makers are lowering inventory levels, reducing orders for its CPUs. Intel's second-quarter sales fell 22% year-over-year due to weaker demand. The chipmaker lost $500 million throughout the … [Read more...] about Consumers Stop Buying PCs During The Recession, Hurting Intel.