PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 8 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 only consumption changes in the marketplace, but also dramatic moves in the inventory position of key customers," said Intel Chief Executive Pat Gelsinger told Reuters. Intel, which draws about half of its revenue from selling the chips that power desktops and laptops, also forecast current quarter revenue in the range $15 billion to $16 billion, also lower than an average of estimates of $18.62 billion, according to Refinitiv. For the reported quarter, sales at Intel's Client Computing Group, which supplies PC makers and is the largest contributor to the company's revenue, fell 25% to $7.7 billion in the reporting quarter.

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History of this topic

Intel’s stock is soaring, but a rescue will be hard to pull off
1 month, 2 weeks 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
2 months 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 …

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
2 months, 2 weeks ago

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

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 Taiwan computer chip maker TSMC …

TSMC Sales Beat Estimates in Boost for AI’s Outlook in 2025
2 months, 3 weeks ago

TSMC Sales Beat Estimates in Boost for AI’s Outlook in 2025

Live Mint  

-- Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025. The strong showing from Taiwan’s largest company bolsters expectations that big tech companies from Alphabet Inc. to Microsoft Corp. will continue to build and upgrade datacenters at a rapid clip to propel AI development. The US …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
7 months, 3 weeks ago

China chipmaker SMIC beats Q2 estimates despite steep profit fall

The Hindu  

Semiconductor Manufacturing International Corp reported a 59.1% fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations. SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million expected by analysts polled by LSEG, while revenue rose by 21.8% to $1.9 billion, also …

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

TSMC second-quarter profit seen jumping 30% on surging AI chip demand
8 months, 2 weeks ago

TSMC second-quarter profit seen jumping 30% on surging AI chip demand

The Hindu  

Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on Thursday thanks to soaring demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC's stock - and the broader Taiwan market …

Samsung’s profit surges after AI boom reverses chip losses
11 months ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
11 months, 4 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. …

Samsung reports decline in profit but anticipates business improvement driven by chips
1 year, 2 months ago

Samsung reports decline in profit but anticipates business improvement driven by chips

Associated Press  

SEOUL, South Korea — Samsung Electronics on Wednesday reported an annual 34% decline in operating profit for the last quarter as sluggish demands for its TVs and other consumer electronics products offset hard-won gains from a slowly recovering computer chip market. The South Korean technology giant said it expects its business to improve throughout 2024, forecasting larger demands for semiconductors …

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand
1 year, 8 months ago

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand

ABP News  

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, reported a 23 per cent drop in net profit in the second quarter as demand for consumer electronics and semiconductor chips remains low amid rising interest rates and global economic challenges, the media has reported. The world's largest contract chipmaker on Thursday said that during the April-June quarter, net profit dropped to …

TSMC flags 10% fall in 2023 sales, spending at low end of forecast
1 year, 8 months ago

TSMC flags 10% fall in 2023 sales, spending at low end of forecast

The Hindu  

Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion …

Intel Posts Biggest Loss In Company History In Q1: Report
1 year, 11 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. …

Samsung to cut chip output to ride out downturn: Report
1 year, 11 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023
2 years, 2 months 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 …

Global PC shipments fell 28% in Q4 of 2022: Report
2 years, 2 months ago

Global PC shipments fell 28% in Q4 of 2022: Report

India TV News  

The global PC shipments declined reportedly declined by a record 27.8 per cent in Q4 2022, reaching 65.2 million units, with entire 2022 shipments declining by 15 per cent. Its shipments declined 29 per cent during the quarter, but it was the only major PC OEM to report positive sequential shipment growth in Q4, according to the report. Moreover, Dell's …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
2 years, 2 months ago

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens

The Hindu  

Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, is a rare bright spot in the global tech industry which is grappling with worsening consumer demand brought about …

Taiwan chipmaker TSMC says quarterly profit up 78%
2 years, 2 months ago

Taiwan chipmaker TSMC says quarterly profit up 78%

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78% over a year earlier but forecast weak demand this year. Revenue for the final quarter of 2022 rose 42.8% over a year earlier to 625.5 billion New Taiwan dollars, the company announced. TSMC announced …

Intel set to lay offs employees as it cuts billions of dollars in spending
2 years, 5 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 …

Taiwan chipmaker TSMC says quarterly profit $8.8 billion
2 years, 5 months ago

Taiwan chipmaker TSMC says quarterly profit $8.8 billion

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to a record $8.8 billion amid surging demand. The American Embassy in Beijing didn’t immediately respond to a question about whether TSMC had received an exemption that might allow …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 5 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

Samsung’s earnings plummet in warning sign for global demand
2 years, 5 months ago

Samsung’s earnings plummet in warning sign for global demand

Al Jazeera  

Samsung Electronics Co has flagged a worse-than-expected 32 percent drop in quarterly operating earnings, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. “Memory chip business is worse than expected, DRAM chip shipments may be down by higher-teens percentage versus second-quarter,” said Park Sung-soon, an analyst at Cape Investment & Securities. “Price …

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing
2 years, 6 months ago

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing

The Hindu  

When it comes to making chipsets, there is Taiwan Semiconductor Manufacturing Company and Samsung, and the rest. The Taiwanese firm was running at full capacity to meet demand for chips globally as the world faced a semiconductor shortage. Between the two, the Taiwanese firm controls over half of global foundry manufacturing. TSMC’s latest revenue numbers comes at a time when …

Dell revenue growth slows on strong dollar, China lockdowns
2 years, 7 months ago

Dell revenue growth slows on strong dollar, China lockdowns

The Hindu  

Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. Consumer revenue …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 8 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 8 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Intel forecasts gloomy quarter on supply-chain woes, shares fall
2 years, 11 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 …

Samsung Electronics reports 50 percent jump in quarterly profits
2 years, 11 months ago

Samsung Electronics reports 50 percent jump in quarterly profits

Al Jazeera  

Samsung Electronics Co Ltd on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. Although chip prices dipped in the first quarter, analysts said they had held up better than expected due to solid demand as well as cautious investment spending by chipmakers …

Chipmaker TSMC approves fund for capacity expansion
3 years, 11 months ago

Chipmaker TSMC approves fund for capacity expansion

The Hindu  

Taiwan Semiconductor Manufacturing Co's board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular. In a brief statement, the world's largest contract chipmaker said its board had approved the spending "for the purpose of installing mature technology capacity". The company this month said …

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage
4 years ago

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage

CNN  

Hong Kong CNN Business — Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, announced Thursday that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and of advanced …

Samsung profit beats forecast as chip demand surges despite virus
4 years, 11 months ago

Samsung profit beats forecast as chip demand surges despite virus

Al Jazeera  

Laptop makers and data centres are asking for more chips as the coronavirus drives people to work from home. Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. Samsung Electronics said …

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, …

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow
6 years, 2 months ago

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow

Live Mint  

Seoul: Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29% drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said it expected "overall annual earnings to decline" this year, although sales of memory products would begin to revive …

Samsung Electronics profit dips as smartphone sales fall
6 years, 8 months ago

Samsung Electronics profit dips as smartphone sales fall

Live Mint  

Seoul - Samsung Electronics on Tuesday said its second quarter net profit dipped slightly from a year earlier, with a fall in smartphone sales mitigated by strong demand for its memory chips. A sluggish market for premium mobile phones and stiff competition contributed to a decline in Samsung’s smartphone shipments and revenue compared to the previous quarter, denting demand for …

After 26 years, Intel gets toppled by Samsung in the global semiconductor market in 2017: Report
7 years, 2 months ago

After 26 years, Intel gets toppled by Samsung in the global semiconductor market in 2017: Report

Firstpost  

This is the first time Intel has been toppled since 1992 as worldwide semiconductor revenue totaled to a 22.2 percent increase from 2016. With 14.6 percent market share, Samsung Electronics has replaced chip maker giant Intel to become the top player in the global semiconductor industry in 2017, market research firm Gartner said on 4 January. This is the first …

Intel misses revenue estimates caused by slowdown in data center growth
7 years, 11 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 …

Samsung tips best quarterly profit in over three years as chips soar
7 years, 11 months ago

Samsung tips best quarterly profit in over three years as chips soar

Live Mint  

Seoul: Samsung Electronics Co. Ltd forecast on Friday its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory chip super-cycle. The Apple Inc. rival has rapidly recovered from last year’s costly failure of its fire-prone Galaxy Note 7 device, despite …

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. …

Samsung Electronics warns of tough 2016 amid fourth-quarter outlook concerns
9 years, 2 months ago

Samsung Electronics warns of tough 2016 amid fourth-quarter outlook concerns

Firstpost  

South Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones. In a statement, Samsung said Chief Executive Kwon Oh-hyun told employees in a New Year’s address that low global growth will persist this year, with greater …

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 …

Quarterly PC sales see biggest decline in two decades
11 years, 11 months ago

Quarterly PC sales see biggest decline in two decades

Firstpost  

PC sales plunged 14 percent in the first three months of the year, the biggest decline in two decades of keeping records… PC sales plunged 14 percent in the first three months of the year, the biggest decline in two decades of keeping records, as tablets continue to gain in popularity and buyers appear to be avoiding Microsoft Corp’s new …

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 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 …

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