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Idm 20

All articles tagged with #idm 20

businesstechnology1 year ago

"Intel's Q4 2023 Earnings Report Sparks Stock Drop"

Intel Corporation's Q4 2023 earnings call highlighted strong financial results, with revenue at the higher end of guidance and strong EPS upside. The company's CEO, Pat Gelsinger, emphasized progress on their IDM 2.0 transformation, including process leadership, capacity expansion, and AI integration across product segments. They also discussed advancements in process technology, foundry ecosystem, and AI products, positioning themselves to participate in the growing AI semiconductor market. Despite subseasonal Q1 guidance due to inventory corrections in Mobileye and PSG, Intel remains confident in driving progress and considerable growth throughout fiscal year '24.

via Seeking Alpha|
#ai-everywhere#businesstechnology#foundry-strategy
business2 years ago

Intel Cancels Tower Semiconductor Acquisition

Intel has announced the termination of its agreement to acquire Tower Semiconductor due to the inability to obtain regulatory approvals in a timely manner. The termination fee of $353 million will be paid to Tower. Intel remains committed to its IDM 2.0 strategy and plans to create a world-class system foundry. Intel Foundry Services (IFS) has made significant advancements, including a 300% year-over-year revenue increase in Q2 2023. Intel has also secured partnerships with Synopsys, Arm, and MediaTek to develop advanced process technologies.

via Investor Relations :: Intel Corporation (INTC)|
#acquisition#business#foundry
business2 years ago

Intel's Q1 earnings reveal largest quarterly loss in company history.

Intel reported a 36% YoY decline in revenue for Q1 2023, resulting in a loss of $2.8 billion, the biggest loss in the company's history. The decline was primarily due to a drop in revenue from its client computing and data center groups. Intel has instituted layoffs, cut pay for managers and executives, and canceled some product lineups to stem losses. The company's delayed range of next-generation "Sapphire Rapids" server CPUs has given AMD an opportunity to cut into the lucrative server CPU market. Under CEO Pat Gelsinger, Intel is trying to turn things around with its "IDM 2.0" strategy, but the company expects its pain to continue next quarter.

via Ars Technica|
#business#financial-results#idm-20