Revenue down 22%.
Edit: Oh and it gets better... Intel posted a loss!
Well CHIP went through and even before that intel was building new facilities like nobodies business.
Their guidance for the whole year of 2022 is now $8-11B lower than it was three months ago. That's not just a "fab" related thing. They would have known that already back in April.Well CHIP went through and even before that intel was building new facilities like nobodies business.
Taxes are super high for some reason and all the other expenses are for buying up equipment and building stuff.
Net income isn't that bad, it's the expenses that drag it down, well FABs don't build themselves.
I was specifically referring to DC and not the overall numbers.By losing by A Whole Lot more in Client...!
The whole market itself is growing - not only CPU related though if you're looking at NV. That's what I'm wondering why Intel's numbers are so horrible. Sure, AMD will be a factor in that. But can't be all of it.How can it be growing a lot while its down 15% Y/Y ????
They lost 2.5bn sales in client and 0.876bn in servers, we ll see in a few days if those amounts were captured by AMD or if it s the market that is contracting.
Looks like the US Government will yet again bail out another business that is simply too big to fail.US taxpayer money can't come soon enough!
Is this is good news, AMD is finally getting the sales its recently-great products deserve? or is it a sign of a recession?
US taxpayer money can't come soon enough!
Q: Reserves for Sapphire and timelines - can give more specific on SPR, not just early units but volume? How does this impact/push out EMR and GNR?
I'm getting more and more curious as to the nature of the SPR delay, especially with this bit of info above.A: We're already ramping a number of SKUs of SPR starting last Q. The particular issue, wasn't affecting those SKUs, so we did another tapeout for the volume SKUs, ramping in 2H. Feel comfortable. EMR goes into the SPR platform, product is healthy for 2023.
Q: Called out Intel execution issues - just SPR, or general statement? What are they - architectural, performance, customer requirements? What are you doing now vs moving forward?
A: Recovery in 3 factors: (1) TD and Manufacturing (2) Products, Meet customer demand (3) Growth. We've laid foundations, (1) is working, (2) is being worked on. Tik-Tok approach on execution.
The SPR miss, we're raising the quality bar for that, the security levels that we should have had, it was an issue we shouldn't have had.
Software release on discrete GPU wasn't up to par - iGPU software was expected to meet demands but wasnt. 4m units for GPU won't be hit. We have to be competitive on design timelines.
The products built on this new alignment are still a couple of years away.
This is the second time he indirectly mentions the CHIPS act, trying really hard to sell the good news.Now I spend less time in Washington, I can focus on execution again.
Q: You said SPR is on time, and ramping this year, but delay, but DC pricing is slow? What's going on? Is volume in 23?
So SPR main contribution is 2023.A: We said it's ramping later, main SKUs will contribute mostly next year than this year. We see opportunity in client ASP increases passing on inflation. Our competitiveness is not as strong on DCAI so can't increase pricing. Mostly ramp next year.
Q: Delivery of new products - while SPR is delayed is 6 mo, in the PR it noted that the later nodes are still on time or ahead of track. As outsiders, how can we judge Intel is on pace Q-to-Q rather than just your messaging?
A: Intel 7 is done, 35m units. Intel 4, MTL, looking good, broadly sampled to customers. Some have said it's as good as 3nm from others. Intel 3, updates on GNR. 20A/18A have been given updates. Foundry customers will be noted as they come on board.