Intel cuts outlook on weak PC demand; shares slump
12 years, 6 months ago

Intel cuts outlook on weak PC demand; shares slump

Firstpost  

Intel Corp cut its third-quarter revenue estimate more than expected on Friday due to a decline in demand for its chips as customers reduce inventories … Intel Corp cut its third-quarter revenue estimate more than expected on Friday due to a decline in demand for its chips as customers reduce inventories and businesses buy fewer personal computers. A revision of Intel targets had been anticipated by some analysts after PC makers Hewlett Packard and Dell Inc warned of slow demand last month, a development that has been compounded by a shaky global economy and consumers shifting toward tablets and smartphones. Devices running Windows 8 and powered by Intel’s latest components will be a major draw when thousands of technology professionals descend on the annual Intel Developer Forum in San Francisco next week. “In the absence of knowing what to sell, there’s a clear reluctance to build any sort of further inventory.” POWER-EFFICIENT CHIPS Intel’s next-generation PC processor, codenamed Haswell, will also be front and center at the forum, with executives talking up improved power performance that will let future laptops stay on longer without needing a recharge.

Expected Intel Weak Its Chips  slump  shares  outlook  thirdquarter  revenue  weak  demand  cuts  enterprise  expected  pc  intel  tablets  windows

History of this topic

Marvell Plunges After Forecast Trails Loftiest Estimates
2 weeks, 6 days ago

Marvell Plunges After Forecast Trails Loftiest Estimates

Live Mint  

-- Marvell Technology Inc. declined in late trading after delivering a revenue forecast that fell short of the highest estimates, disappointing investors who were looking for a bigger payoff from the AI boom. The Santa Clara, California-based company provides chip design services, helping major tech customers develop their own data center semiconductors. “Investors were already very ‘skittish’ about AI names …

Intel’s stock is soaring, but a rescue will be hard to pull off
1 month, 1 week ago

Intel’s stock is soaring, but a rescue will be hard to pull off

Live Mint  

The Trump administration has effectively put a buy rating on Intel’s stock. Citing “discussions from the Asia supply chain," the report said Taiwan Semiconductor Manufacturing—better known as TSMC—could become a joint owner of Intel’s manufacturing business following a spinoff while also having charge of running the facilities. Still, Intel’s position as the only U.S.-based chip maker with leading-edge production capabilities …

Intel fourth-quarter revenue tops expectations as investors await new CEO
Trending News
1 month, 3 weeks ago

Intel fourth-quarter revenue tops expectations as investors await new CEO

The Hindu  

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO. In its quarterly report after the closing bell, Intel said it expects first-quarter revenue of $11.7 billion to $12.7 billion, compared …

Intel’s CEO search in focus as chipmaker set to post lower revenue
1 month, 3 weeks ago

Intel’s CEO search in focus as chipmaker set to post lower revenue

Live Mint  

By Arsheeya Bajwa - Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market. Interim co-CEOs, Michelle Johnston Holthaus and David Zinsner, said last month a spinoff of that business may …

US tech shares recover some losses from steep DeepSeek selloff
1 month, 3 weeks ago

US tech shares recover some losses from steep DeepSeek selloff

Live Mint  

By Sinéad Carew, Medha Singh, Amanda Cooper NEW YORK/BENGALURU/LONDON -Technology shares on Tuesday regained some ground lost and AI chip leader Nvidia rose more than 6% after the previous day's record-breaking wipeout sparked by a low-cost Chinese artificial intelligence model that threatens the dominance of U.S. rivals. Monday's selloff was prompted by the release of a free AI assistant launched …

Wall Street down in premarket trading: Top tech losers
1 month, 3 weeks ago

Wall Street down in premarket trading: Top tech losers

Hindustan Times  

Wall Street on Monday was forecast to open sharply lower after the launch of the affordable and low-data Chinese generative AI programme that can outperform big-name rivals like ChatGPT, notably in the United States. Wall Street already took a hit Friday following the launch of the Chinese DeepSeek artificial intelligence programme last week. The following shares experienced a hit today …

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024
2 months, 1 week ago

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024

Live Mint  

Intel Corp. shares were trading over 8 per cent on Friday, January 17, as media reports emerged that the chipmaking giant is a potential acquisition target. Intel Corp. shares were trading 8.21 per cent higher at $21.29 as of 11:38 a.m., compared to $19.67 at the previous US market close. The company's shares jumped 7.6 per cent in the early …

Tech bubble fears spark $160bn Nvidia slump
5 months, 1 week ago

Tech bubble fears spark $160bn Nvidia slump

The Telegraph  

Hundreds of billions of dollars have been wiped from the stocks of global chipmakers after a key supplier to the industry warned of a slow recovery in the market, despite booming demand for artificial intelligence technology. Shares in Dutch technology business ASML, which manufactures advanced lithography machines used by the world’s chipmakers, plunged by 15pc after it published its results …

Chip maker’s shares plunge in record single-day value loss for a US firm
6 months, 3 weeks ago

Chip maker’s shares plunge in record single-day value loss for a US firm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in US chip maker …

Intel sells stake in chip designer Arm Holdings
7 months, 1 week ago

Intel sells stake in chip designer Arm Holdings

Hindustan Times  

Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Intel would have raised about $146.7 million from the sale, based on the average price of Arm's …

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures
7 months, 3 weeks ago

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures

ABP News  

Intel Layoffs: The tech firm Intel will be laying off over 15,000 employees in an effort to overcome the losses the company has been experiencing. Additionally, it will reduce capital expenditures by over 20 per cent this year, restructure operations to eliminate non-essential activities, and review all ongoing projects and equipment to ensure spending remains in check. In the press …

Intel to lay off 15% of its workforce, cut $20 billion in costs
7 months, 3 weeks ago

Intel to lay off 15% of its workforce, cut $20 billion in costs

Firstpost  

Intel CEO Gelsinger emphasised the need to align Intel’s cost structure with a new operating model to improve margins and better position the company for future growth, especially as it faces a challenging outlook for the second half of 2024 CEO Gelsinger has noted that while investments in the AI PC market may pressure profit margins in the short term, …

Intel to lay off 17,500 employees, suspend dividend in turnaround plan; stock plunges
7 months, 3 weeks ago

Intel to lay off 17,500 employees, suspend dividend in turnaround plan; stock plunges

Live Mint  

Intel share price plunged 20% in extended trade, losing more than $24 billion in market value, after the chipmaker announced job cuts and suspension of its dividend. Intel said it would cut more than 15% of its workforce, around 17,500 people, and suspend its dividend starting in the fourth quarter amid plans of a turnaround focused on its money-losing manufacturing …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals

LA Times  

Intel, based in Santa Clara, Calif., is also suspending its stock dividend as part of a broader plan to cut costs. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Intel’s announcement of a significant cost-cutting plan including layoffs may …

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Associated Press  

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. “Intel’s announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the …

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around
7 months, 3 weeks ago

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chipmaker Intel Corp. is cutting …

Intel plans to cut thousands of jobs to finance recovery: Report
7 months, 3 weeks ago

Intel plans to cut thousands of jobs to finance recovery: Report

The Hindu  

Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. CEO Pat Gelsinger has initiated a turnaround to regain the company's competitive edge, focusing on revitalizing its manufacturing capabilities, investing in advanced chip technologies, and expanding into new markets. In October 2022, …

Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook
8 months, 1 week ago

Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook

Live Mint  

US technology and semiconductor chipmaking stocks fell from their all-time high levels after concerns over tougher restrictions on global chip sales to China spurred a stock rout on Wednesday, July 17. The tech-heavy Nasdaq slumped nearly two per cent to hit a two-week low, accompanied by losses on the S&P 500, as major chip and tech stocks were pressured by …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
11 months, 3 weeks ago

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year

News 18  

– Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. …

Intel Posts Biggest Loss In Company History In Q1: Report
1 year, 10 months ago

Intel Posts Biggest Loss In Company History In Q1: Report

ABP News  

Chipset-making giant Intel Corp posted its first quarter earnings, barely beating analysts' expectations while reporting the largest quarterly loss in the company's history, the media has reported. Intel's Q1 results showed a staggering 133 per cent annual reduction in earnings per share while revenue dropped nearly 36 per cent year over year to $11.7 billion, says a report by CNBC. …

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023
2 years, 1 month ago

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023

News 18  

-Intel Corp said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division. "We expect some of the largest inventory corrections literally that we've ever seen in the industry taking place that's affecting the Q1 guide in a meaningful way," Intel …

Intel set to lay offs employees as it cuts billions of dollars in spending
2 years, 4 months ago

Intel set to lay offs employees as it cuts billions of dollars in spending

India TV News  

Highlights Intel is likely to layoff people from both operations and sales departments Earlier reports stated Intel is planning job cuts that can run in thousands Intel posted $15.3 billion in revenue in Q3, flat sequentially Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near …

Intel to slash several jobs amid PC market slowdown
2 years, 5 months ago

Intel to slash several jobs amid PC market slowdown

The Hindu  

Intel is cutting several jobs after a slowdown in the PC market sends the global chipmaker and PC vendors reeling, report said. Besides the PC vendors themselves, one of the companies most affected by the decline in the PC market is Intel, which is now cutting thousands of jobs to reduce losses in its revenue, 9to5 Mac reported. Intel losing …

Nasdaq falls as US export controls on China weigh on chip stocks
2 years, 5 months ago

Nasdaq falls as US export controls on China weigh on chip stocks

Live Mint  

The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China's semiconductor industry, while caution reigned ahead of the start of the earnings season. The Philadelphia SE Semiconductor index tumbled 3.5% to also touch a two-year low, after the Biden administration published a set of export controls on Friday, including a measure …

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 7 months ago

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means

News 18  

-Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues. "The economic shift was harsher and drove not …

Intel forecasts gloomy quarter on supply-chain woes, shares fall
2 years, 10 months ago

Intel forecasts gloomy quarter on supply-chain woes, shares fall

The Hindu  

Chipmaker Intel Corp forecast second-quarter revenue and profit below Wall Street expectations on Thursday on worries of weak demand in its largest end market, PCs, and increased supply-chain uncertainty due to COVID-19 lockdowns in China. Revenue at Intel's Client Computing Group, which supplies PC makers and is the largest contributor to the company's revenue, fell 13% to $9.3 billion in …

ASX suffers worst day in almost six months; Dow Jones falls 560 points as GameStop rebounds again
4 years, 1 month ago

ASX suffers worst day in almost six months; Dow Jones falls 560 points as GameStop rebounds again

ABC  

Australian shares have wiped out nearly all of this month's gains, following a tech sell-off on Wall Street — though "meme stocks" like GameStop defied the trend with another massive surge overnight. Key points: Despite today's losses, the ASX 200 has risen 1.3pc since the year began The Australian dollar hit a three-year high, before dropping sharply The Nasdaq suffered …

Intel’s stock plunges as work on new computer chip bogs down
4 years, 8 months ago

Intel’s stock plunges as work on new computer chip bogs down

Associated Press  

SAN RAMON, Calif. — Intel is falling further behind in the race to build faster and more powerful computer chips, a nagging problem that may force the Silicon Valley pioneer to seek help from other manufacturers as it scrambles to catch up in the technological arms race. The unexpected snag means Intel’s 7-nanometer processing technology won’t be ready until the …

Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast
5 years, 5 months ago

Intel beats third-quarter revenue and profit estimates, raises full-year revenue forecast

Firstpost  

Intel Chief Executive Officer Bob Swan has set a goal of becoming more disciplined about spending. Intel Corp on Thursday beat Wall Street estimates for third-quarter revenue and profit and raised its full-year revenue forecast, easing concerns about slowing chip demand amid the U.S.-China trade war. After years of acquisitions outside its core area of processing chips under previous leaders, …

Intel misses revenue estimates caused by slowdown in data center growth
7 years, 10 months ago

Intel misses revenue estimates caused by slowdown in data center growth

Firstpost  

Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data center business, on which the world’s largest chipmaker is banking to reduce its reliance on the personal computer market. Revenue from Intel’s higher-margin data center business rose 6 percent to $4.2 billion in the first quarter. Intel increased its share buyback program by $10 …

Intel’s results beat estimates; forecast disappoints
8 years, 5 months ago

Intel’s results beat estimates; forecast disappoints

Live Mint  

Bengaluru: Intel Corp. reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data centre and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street. Revenue from the data centre business, which offers storage and cloud-based software services, rose 9.7% to $4.54 billion in the third quarter, from a year earlier. …

Intel raises revenue forecast on signs of PC market rebound
8 years, 6 months ago

Intel raises revenue forecast on signs of PC market rebound

Live Mint  

New York: Intel Corp. raised its forecast for third-quarter sales Friday, citing a recovery in the computer market. In April, Intel said it was cutting 12,000 jobs, or 11% of its workforce, as chief executive officer Brian Krzanich shifts the company’s focus to new segments such as chips for wireless devices. Now Intel is seeing signs of “replenishment of PC …

Strong profits overshadowed by slowing data center growth for Intel
8 years, 8 months ago

Strong profits overshadowed by slowing data center growth for Intel

Firstpost  

Intel Corp on Wednesday reported slower revenue growth at its data center business, which makes semiconductors used in high-end servers, overshadowing a better-than-expected quarterly profit. Hurt by weak demand from enterprises, revenue at the highly-profitable unit rose 5 percent to $4 billion, but lagged the previous quarter’s 9 percent increase and remained below Intel’s annual target of low double-digit growth. …

Intel shares could rise 25 percent in next year: Barron's
8 years, 11 months ago

Intel shares could rise 25 percent in next year: Barron's

Firstpost  

Intel Corp’s shift to higher-growth businesses such as server chips and embedded chips for cars could drive a 25 increase in its shares in a year, according to a report on Sunday in the financial publication Barron’s. Intel has struggled to grow as demand for personal computer chips has dried up, Barron’s said, but growth in the company’s data center …

Intel May Cut Thousands of Jobs by End of 2016
8 years, 11 months ago

Intel May Cut Thousands of Jobs by End of 2016

The Quint  

After announcing the departure of its two top executives last week, US-based electronics chipmaker Intel is reportedly preparing to cut thousands of jobs across its business units by the year-end, a media report said. The planned downsizing could begin soon after Intel reports its first-quarter financial results on April 19, though sources say timing and specifics remain fluid, the report …

Intel Makes Biggest Bet In Its History
9 years, 9 months ago

Intel Makes Biggest Bet In Its History

NPR  

Intel Makes Biggest Bet In Its History Enlarge this image toggle caption Paul Sakuma/AP Paul Sakuma/AP The chipmaker Intel is buying a company that makes. The Wall Street Journal describes the deal as part of a "consolidation wave" in the semiconductor industry "as companies search for new sources of revenue growth." Sponsor Message Intel says in a statement that the …

Intel cuts revenue forecast as desktop demand weakens
10 years ago

Intel cuts revenue forecast as desktop demand weakens

Live Mint  

Intel Corp. slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker’s shares down more than 5%. add_main_imageFewer companies than Intel had expected replaced desktop PCs running on outdated Microsoft operating systems, leading to weak demand for its chips. “The macro environment is not robust enough for people to …

Intel forecasts disappointing revenue; shares fall
10 years, 2 months ago

Intel forecasts disappointing revenue; shares fall

Live Mint  

Bengaluru/Seattle: Chip maker Intel Corp. forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down more than 2% in extended trading. Revenue from its mainstay PC business fell about 3% to $8.9 billion in the fourth quarter from the third, raising doubts about the expected recovery of the personal computer business. The chip maker forecast first-quarter revenue …

Intel meets first quarter's expectations despite PC slowdown – Firstpost
11 years, 11 months ago

Intel meets first quarter's expectations despite PC slowdown – Firstpost

Firstpost  

Intel Corp., the world’s largest maker of chips for PCs, is remaining steadfast amid a drastic slowdown in computer sales… Intel Corp., the world’s largest maker of chips for PCs, is remaining steadfast amid a drastic slowdown in computer sales. Intel on Tuesday said it’s keeping its sales and margin forecasts for this year, even as first-quarter PC sales plunged …

Intel, Qualcomm may invest $378 mn in Sharp: Report
12 years, 4 months ago

Intel, Qualcomm may invest $378 mn in Sharp: Report

Live Mint  

add_main_image Tokyo: US-based Intel Corp and Qualcomm Inc are in talks to jointly i nvest about ¥30 billion in debt-stricken Japanese consumer electronics maker Sharp Corp, two sources familiar with the matter said on Wednesday. Details of the talks were not known, but Sharp, whose displays are used in Apple Inc’s iPads and iPhones, is looking to small displays to …

Intel, global chip shares jump on talk of strong Q1
15 years ago

Intel, global chip shares jump on talk of strong Q1

Live Mint  

San Francisco: Shares of Intel Corp jumped 4% to their highest in more than a year on expectations that robust Asian sales and a rebound in corporate spending will help the chipmaker beat current-quarter earnings estimates. Optimism over a strong outlook helped lift technology shares across Asia, with Samsung Electronics, the world’s no.1 memory chip maker, up 2.1% and 2nd-ranked …

Intel gloom weighs on chip stocks
20 years, 6 months ago

Intel gloom weighs on chip stocks

China Daily  

Intel has taken the gloss off the market rally Computer chip maker Intel has unveiled a weaker than expected sales outlook, forcing microchip stocks sharply lower. Intel said third quarter sales would fall within a range of between $8.3bn and $8.6bn, down from its previous estimate of $8.6bn-$9.2bn. Intel blamed weak demand for computer chips, with customers still selling unsold …

Discover Related