Electronics Weekly Electronics Design & Components Tech News
“Clearly the financials aren’t what we hoped for, but we’re also pleased with the execution process we made,” said CEO Pat Gelsinger (pictured) “the macro is difficult. It was difficult in Q4. We expect it to remain difficult as we go through the first half of the year, but we’re laser focused on controlling the things that we can.”
The PC business saw revenues fall 36% to $6.6 billion and datacentre business revenues fell 33% to $4.3 billion.
The Q1 forecast was for revenue of $10.5 billion to $11.5 billion – 37% down y-o-y.
You seem to overlook Fast Eddie/Patrick/Sandra/Jack etc that $250bn is about to start being dispensed to the US chip industry of which the lion’s share will go to Intel
“How Did You Go Bankrupt?” “Two Ways. Gradually and Then Suddenly.” Ernest Hemingway
Uncle Sam won’t let its chip champion go bust, Fast Eddie/Patrick/Sandra/Jack etc, get real
Intel fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year. Fourth-quarter loss per share was $(0.16). Forecast first-quarter 2023 revenue down another 25% to $10.5 billion and first-quarter loss per share of $(0.80) or $3 billion plus $1.5 billion dividend out of $13 billion net assets. Intel has no competitive CPU products. Intel is not a going concern. Really.
And your pont is?
Intel is like a startup breaking into the x86 market with an inferior product. Intel’s cash burn means lights out in one year unless Intel invents a better product. Fake it ’till you make it redux.
Have you even looked at the specs of Intel vs AMD ? I agree last generation was just towards AMD, hardly inferior, but Intel’s latest designs win again.