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 supply chain inventory,” the company said in a statement Friday. It’s also “seeing some signs of improving PC demand.” Intel’s new forecast is for revenue of $15.6 billion, plus or minus $300 million. I think when you look at depleted inventory in the channel plus the pessimistic attitude coming in, we were set up for things to come in a little better than expectations.” Intel also boosted its forecast for adjusted gross margin by 1 point, now expecting the midpoint at 63%, plus or minus a couple of percentage points.

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History of this topic

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 …

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 …

Dell’s quarterly revenue misses estimates on PC weakness
3 months, 3 weeks ago

Dell’s quarterly revenue misses estimates on PC weakness

Live Mint  

-Dell missed Wall Street expectations for third-quarter revenue on Tuesday, weighed down by weaker demand for its traditional PCs and stiff competition from rival server makers, sending its shares down more than 10% in extended trading. Despite booming demand for Dell's AI-optimized servers used to handle large AI workloads, its traditional PC segment has been facing stiff competition from rivals …

AMD Layoffs: To cut 4% of global workforce as it focuses on AI chip development
4 months, 1 week ago

AMD Layoffs: To cut 4% of global workforce as it focuses on AI chip development

The Hindu  

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex data centers that can process the large …

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched
6 months, 3 weeks ago

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched

NPR  

Chipmaker Nvidia will report quarterly earnings and the data will be closely watched The chip company Nvidia is the darling of the AI boom. Microsoft, Google, Facebook, Amazon and others are spending billions of dollars on AI, and they've said they expect to spend billions more, which is why analysts like Matt Bryson are so excited about Nvidia. He's an …

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: Too big to turn, too vital to fail
7 months, 2 weeks ago

Intel: Too big to turn, too vital to fail

Live Mint  

The chips are down as never before for Intel. Intel is already the biggest fish in the American pond; the company’s current fabs account for about 41% of the country’s 300 mm wafer production capacity—the type of chip production most commonly used in key market segments—according to market research firm TechInsights. Intel’s data center revenue is projected to hit $12.6 …

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, …

Global PC market surges to 62.5 million units as AI boom approaches
8 months, 1 week ago

Global PC market surges to 62.5 million units as AI boom approaches

India TV News  

Global PC shipments have witnessed a growth of 3.1 per cent in the second quarter of the year 2024, to reach 62.5 million PC device units, the second consecutive quarterly growth in shipments. According to the report, AI laptops will expand the AI PC market in H2 2024, driven especially by surging Windows on Arm AI devices at the end …

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 Says Many PC Brands Using Its New AI-enabled Chip, Wants People To Upgrade PCs
1 year, 3 months ago

Intel Says Many PC Brands Using Its New AI-enabled Chip, Wants People To Upgrade PCs

News 18  

-Intel on Thursday said that dozens of personal computer makers are using its newest chip, as the company and its customers try to entice consumers to upgrade their machines for a new era of chatbots. At a press event in New York, Intel said the new offering will be available in laptops from Dell Technologies, Microsoft, Lenovo Group and others …

Chipmakers signal supply glut easing but demand recovery still slow
1 year, 7 months ago

Chipmakers signal supply glut easing but demand recovery still slow

The Hindu  

From Intel to Samsung, global chipmakers are celebrating the beginning of the end of a semiconductor supply glut, but the outlook for demand from customers outside the artificial intelligence industry remains gloomy. While demand for chips to support generative AI has rapidly increased since OpenAI's ChatGPT was launched late last year, the sector still accounts for a small fraction of …

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. …

Apple's PC Shipments Decline 40 Per Cent, Steepest Among Major Computers Makers
1 year, 11 months ago

Apple's PC Shipments Decline 40 Per Cent, Steepest Among Major Computers Makers

ABP News  

Shipments of Apple Inc.'s personal computer plummeted by 40.5 per cent in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory, according to Bloomberg. Shipments by all PC makers combined slumped 29 per cent to 56.9 million units — and fell below the levels of early 2019 — …

Computer sales plunge, Apple’s 40% drop steepest: Report
1 year, 11 months ago

Computer sales plunge, Apple’s 40% drop steepest: Report

Hindustan Times  

Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. The slowdown in consumer spending over the past year has led to double-digit declines in smartphone shipments and an accumulating glut among the world’s foremost memory chip suppliers. “Though channel …

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 …

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 To Increase Chipset Prices Due To Rising Costs: What It Means For You
2 years, 8 months ago

Intel To Increase Chipset Prices Due To Rising Costs: What It Means For You

News 18  

-Intel Corp said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage increases are likely to range from …

PC Monitor Sales Globally Fall Flat, Shipments To Go Down Further
2 years, 9 months ago

PC Monitor Sales Globally Fall Flat, Shipments To Go Down Further

News 18  

With 36.5 million units shipped, the global PC monitor market posted flat results in the first quarter of this year, registering a mere 0.3 per cent increase in shipment volume compared to the same quarter a year ago. Amid a tough market, Dell with 22.4 per cent market share expanded its leadership position through its supply chain competency and commercial …

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 …

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz
3 years, 4 months ago

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz

Al Jazeera  

The world’s biggest maker of graphics and AI chips expects fourth-quarter revenue to grow above analysts’ expectations. Nvidia Corp on Wednesday forecast fourth-quarter revenue above Wall Street expectations, betting on growth in its data centre business as more internet companies set out to invest in artificial intelligence and the metaverse. The world’s biggest maker of graphics and AI chips expects …

Global PC Sales Remain Strong in Q3 2021 Despite Semiconductor Shortage
3 years, 5 months ago

Global PC Sales Remain Strong in Q3 2021 Despite Semiconductor Shortage

News 18  

Some 84.1 million PCs shipped worldwide in the third quarter of 2021, up 1% compared to the third quarter of 2020, according to the Gartner Institute. Chinese manufacturer Lenovo sold 19.9 million PCs between July and September 2021, representing a market share of 23.7%. According to Gartner, this growth is due to ongoing strong demand for PCs from professionals, supported …

Global PC shipments grew just 1% in Q3, Lenovo leads
3 years, 5 months ago

Global PC shipments grew just 1% in Q3, Lenovo leads

India TV News  

Global PC shipments grew just 1% in Q3, Lenovo leads Worldwide PC shipments totaled 84.1 million units in the third quarter of 2021, an increase of 1 per cent from the third quarter of 2020, a new report revealed on Thursday. Worldwide PC shipments totaled 84.1 million units in the third quarter of 2021, an increase of 1 per cent …

Dell, HP say chip shortages will hit PC supplies this year
3 years, 9 months ago

Dell, HP say chip shortages will hit PC supplies this year

The Hindu  

Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world. "The component supply situation remains constrained," Dell Chief Financial Officer Thomas Sweet said in post earnings call,adding that rising costs to procure these chips would …

Intel to spend $20 bn on new US chip plants
4 years ago

Intel to spend $20 bn on new US chip plants

Live Mint  

US chip titan Intel said Tuesday it will invest $20 billion in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe. As part of a vision to be a major producer of chips in the United States and Europe, Intel is establishing a new manufacturing unit called "Foundry …

Global PC market growth breaks 10-year record with 13% rise
4 years, 5 months ago

Global PC market growth breaks 10-year record with 13% rise

India TV News  

The global PC market climbed 12.7 per cent from a year ago to reach 79.2 million units in the third quarter of this year, registering the highest growth the market has seen in the past 10 years, according to the latest report from Canalys. Lenovo regained top spot in the PC market in Q3 with growth of 11.4 per cent …

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 …

Global PC shipments rise 2.3%; China’s Lenovo remains no 1
5 years, 2 months ago

Global PC shipments rise 2.3%; China’s Lenovo remains no 1

Live Mint  

-- Worldwide shipments of personal computers increased 2.3% in the fourth quarter from a year earlier, continuing a 2019 trend fueled by commercial customers upgrading to Microsoft Corp.’s new operating system. Lenovo Group Ltd. held onto the top spot with almost 25% of the market amid a quest by PC makers to find new types of machines to entice customers. …

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 sold artificial intelligence processor chips worth $1 billion in 2017
6 years, 7 months ago

Intel sold artificial intelligence processor chips worth $1 billion in 2017

Firstpost  

As PC sales have stagnated, Intel has increasingly been depending on its sales to data centers. Intel on 8 August said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fueled sales expansions at rivals such as Nvidia Corp. As PC sales …

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. …

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 to slash up to 12,000 jobs
8 years, 11 months ago

Intel to slash up to 12,000 jobs

The Hindu  

Intel, the world’s largest microprocessor maker, will shed up to 12,000 jobs worldwide in a massive restructuring effort to reduce its dependence on the personal computer market which is witnessing sluggish growth. I am confident that we’ll emerge as a more productive company with broader reach and sharper execution,” said Intel chief executive Brian Krzanich in a statement. Intel’s massive …

Intel to slash 12,000 jobs as it moves away from PCs
8 years, 11 months ago

Intel to slash 12,000 jobs as it moves away from PCs

LA Times  

Giant chipmaker Intel Corp. will slash 12,000 jobs, or about 11% of its workforce, to help offset declining PC sales and reposition itself as a firm focused on cloud computing and smart devices, the company said Tuesday. “We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices,” Intel Chief Executive …

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 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 unveils platform to simplify connectivity of products
10 years, 3 months ago

Intel unveils platform to simplify connectivity of products

Live Mint  

San Francisco: Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software. Intel’s platform is like a set of building blocks based on the chipmaker’s components and software for companies to create smart, connected devices, Doug Davis, head of Intel’s Internet of Things business, said …

China's Lenovo buys and diversifies to outshine PC rivals – Firstpost
11 years, 10 months ago

China's Lenovo buys and diversifies to outshine PC rivals – Firstpost

Firstpost  

Lenovo Group Ltd’s bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from… Lenovo Group Ltd’s bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest …

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