Intel Posts US$500 Million Loss for the First Time in Decades as Sales Drop 17%
#1

By Anton Shilov published 1 day ago


Intel on Thursday posted its first loss in decades as sales of its processors for client PCs, and data centers dropped sharply in the second quarter because of what Intel calls "a rapid decline in economic activity" caused by inflation, geopolitical tensions, and the ongoing Russia-Ukraine war.

Intel's revenue in Q2 2022 totaled US$15.3 billion, a 17% decline year-over-year (YoY) and a 22% drop sequentially. In addition, the company's gross margin fell 36.5% from 57.1% in the same quarter a year ago. The company also posted a loss of US$0.5 billion, the company's first loss in decades. While Intel's quarterly loss looks shocking, it should be noted that the company had to make inventory reserves for upcoming product launches, which generated losses in accordance with GAAP.



https://www.tomshardware.com/news/intel-...es-drop-17
[+] 1 user Likes Levin's post
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#2

Intel is doomed, no wonder the U.S. wants Samsung and TSMC set up factories in the U.S. to share their technology.
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#3

Kokee never go help ah?
Go steal China tech lah.
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#4

Moronic Kokee Cok should help Intel steal the technology from TSMC and Samsung mah!  Laughing
[+] 1 user Likes cityhantam's post
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#5

(30-07-2022, 04:19 PM)lvlrsSTI Wrote:  Intel is doomed, no wonder the U.S. wants Samsung and TSMC set up factories in the U.S. to share their technology.

No doom lah.
However Intel foresee economy to be quite bad in coming year.
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#6

Intel loss shows the loss due to sale of chips in China drop.   

Gone case liao for US chip industry.   

.
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#7

Like that AEM also jialat.
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#8

(30-07-2022, 06:47 PM)webinarian Wrote:  Intel loss shows the loss due to sale of chips in China drop.   
.

I think this is just one of the reasons, the others will be:

- higher than normal PC demand last 2 years when many bought new notebooks/PCs to WFH
- the dropping of Intel CPUs by Apple for their notebooks/PCs 
- after US sanctions, Russia switching to alternate CPUs, like their own designed chips
- PC/notebooks are lasting longer since most users don't really need the latest/fastest CPU
  (if the latest Windows version runs too slowly, there are also many linux versions available now for home users to switch to)

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#9

One of Ah butt favour stock
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#10

Gesti-109
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#11

Russia and China found the perfect solution to whack the West.


Smile
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