Tag Archives: Intels

(Corrects typographical error in paragraph 4) By Chavi Mehta and Nivedita Balu (Reuters) – Intel Corp’s latest focus on making chips to meet rising demand will give Advanced Micro Devices Inc, its biggest rival in the server and PC market, a chance to build a greater foothold in the segment, analysts said. Intel, which plans large investments in chip technologies in the next four years, said on Thursday it expects revenue from its segment housing PCs to grow in low to mid single digits, and its… Source link

(Bloomberg) — Intel Corp. shares plummeted to their lowest close since December on Friday, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years. Most Read from Bloomberg The stock fell 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The drop to $49.46 a share erased $26.6 billion in value,… Source link

(Bloomberg) — Intel Corp., the world’s biggest semiconductor maker, gave a lackluster third-quarter sales forecast, indicating its data-center chip business continues to suffer market-share losses in the face of stiffer competition. Sales in the current period will be about $18.2 billion, Intel said in a statement Thursday. That compares with average analyst projections of $18.3 billion. Adjusted gross margin, a measure of profitability, will be about 55%, the company said, and per-share… Source link

Apple (AAPL) is in the midst of one of the biggest changes to its Mac line of products in more than a decade. After 15 years, the company is ditching its long-standing relationship with Intel (INTC) and is instead building its own processor specifically designed for its laptops and desktops called the M1 chip. And one of the first products to get the M1 is also one of Apple’s most important: the MacBook Pro 13-inch. A workhorse for photo and video editors who need a powerful machine on the… Source link