Intel has posted some pretty grim financial numbers, with revenues for its most recent quarter down fully 32% year-on-year leading to a loss of nearly $700 million. And yet, Chipzilla remains bullish about it roadmap and the imminent arrival of its new chiplet-based Meteor Lake chips.
Without getting into the weeds re the numbers, Intel’s sales were down for both PC and server chips. While that nigh-on $700 million loss in Q4 2022 sounds—and is—bad, it hardly spells doom for the company. After all, Intel made nearly $5 billion in profits in the same quarter in 2021, so a single quarter of losses isn’t going to bankrupt the firm.
But it does reflect Intel’s broader struggles with getting its Intel 7 technology (the node formerly known as 10nm) up to speed, and to a lesser extent other disappointments, including its Arc graphics products arriving late and underperforming.
With the broader global economic downturn, however, some tough numbers from Intel are hardly a surprise. Intel is far from alone in the tech sector in suffering a downturn in recent quarters.
Moreover, Intel is predicting another bad quarter for Q1 2023. But what matters, argua…
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