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Pat Gelsinger - 2 Gelsinger - 2 Dado Ruvic - 2 Max A - 2 Patrick Gelsinger - 1 David Zinsner - 1 Matt Poirier - 1 TSMC - 1
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Search resuls for: "Intel Foundry"


9 mentions found


☆ Intel shares fall after providing weak forecast for the current quarter
  + stars: | 2024-04-25 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in sales. Intel gave a weak forecast for the current quarter. That forecast compares to analysts' expected earnings per share of 25 cents, on $13.57 billion in sales. In the first quarter, Intel reported a net loss of $400 million, or 9 cents per share, versus a net loss of $2.8 billion, or 66 cents per share, last year. Intel said last month that it had reported a $7 billion operating loss in its foundry in 2023.
Persons: Pat Gelsinger Organizations: Intel, Summit, Revenue, Intel Foundry, Intel's Foundry, Intel's, Data Center, Nvidia, Gaudi Locations: Washington ,
☆ Intel shares fall after company reveals $7 billion operating loss in foundry business
  + stars: | 2024-04-02 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That's a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $25.7 billion in sales. "Intel Foundry is going to drive considerable earnings growth for Intel over time. 2024 is the trough for foundry operating losses," Gelsinger said on a call with investors on Tuesday.
Persons: Patrick Gelsinger, Gelsinger Organizations: Intel, SEC, Nvidia, AMD, Microsoft, Intel Foundry Locations: American
☆ Intel stock sinks as early 2024 outlook comes up short
  + stars: | 2024-01-25 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Intel posted net income of $2.7 billion, or 63 cents per share, compared to a net loss of $0.7 billion, or 16 cents per share, last year. Intel CFO David Zinsner said in a statement that Intel had cut $3 billion in costs last year. Intel's Network and Edge department, which sells parts for carriers and networking, reported $1.5 billion in sales, down 24% from last year. Intel foundry services, its business making chips for other companies, remains nascent, with $291 million in revenue, a 63% annual increase.
Persons: Pat Gelsinger, Gelsinger, David Zinsner Organizations: Intel, Wall, Gartner, Nvidia, AMD, Taiwan Semiconductor Manufacturing Company, Intel's, Computing, Data Center, Edge Locations: Davos, Switzerland
☆ Intel to sell 10% stake in IMS Nanofabrication to TSMC
  + stars: | 2023-09-12 | by ( Max A. Cherney | ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 12 (Reuters) - Intel (INTC.O) said on Tuesday it has agreed to sell a stake of about 10% in the IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co (2330.TW). Intel will retain majority ownership of IMS, and the transaction is expected to close in the fourth quarter. "The investment by TSMC we believe also demonstrates the excitement across the whole semiconductor manufacturing ecosystem for the significant opportunity ahead of IMS," Intel vice president of corporate development Matt Poirier said. Intel is building a contract manufacturing business called Intel Foundry Services that competes with TSMC. Intel sold a 20% stake in IMS earlier this year to Bain Capital at the same valuation.
Persons: Dado Ruvic, Matt Poirier, TSMC, Elmar Platzgummer, Platzgummer, Yuvraj Malik, Max A, Shounak Dasgupta, Louise Heavens, David Evans Organizations: REUTERS, Intel, IMS, Taiwan Semiconductor Manufacturing, Intel Foundry Services, Bain Capital, Thomson Locations: Austrian, EUV, Bengaluru, Max, San Francisco
☆ Intel adds Synopsys IP to advanced contract manufacturing
  + stars: | 2023-08-14 | by ( Max A. Cherney | ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File PhotoAug 14 (Reuters) - Chip design tools maker Synopsys (SNPS.O) has signed a deal to bring its technical building blocks to the advanced contract manufacturing Intel (INTC.O) offers, the companies said on Monday. The two companies said Synopsys would offer a portfolio of designs that will work with Intel's advanced manufacturing capabilities Intel 3, and Intel 18A. Intel and Synopsys said that there was a framework in place for making the intellectual property available on future manufacturing processes. The partnership between Intel and Synopsys important step for Intel Foundry Services (IFS), its contract manufacturing business, to become a viable alternative to Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) or Samsung Electronics Co Ltd (005930.KS). Intel launched IFS in 2021, and it reported revenue of $232 million in the second quarter of this year.
Persons: Dado Ruvic, Synopsys, Steve Leibson, Max A, Marguerita Choy Organizations: REUTERS, Intel, Intel Foundry Services, Taiwan Semiconductor Manufacturing Co, Samsung Electronics Co, Tirias Research, Thomson Locations: San Francisco
☆ Intel climbs as Wall St cheers early signs of recovery
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +2 min
TD Cowen analysts said the company "was not out of the woods yet but this was a starting point." Intel's market capitalization is set to rise by nearly $8 billion to more than $130 billion, if premarket gains hold. "We see gross margin pressured for the foreseeable future reflecting aggressive process and new product spend as well as IFS (Intel Foundry Services) investment," Oppenheimer said. Intel posted its biggest quarterly loss in the first quarter as it ramped up production and investments in manufacturing plants. Reporting by Eva Mathews and Aditya Soni in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ Here's what Intel's terrible results mean for longtime rival and Club holding AMD
  + stars: | 2023-01-27 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +6 min
When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding's results should not look nearly as bad as longtime rival Intel 's (INTC) dismal numbers. But the magnitude of the Intel's disappointment stems from many company-specific factors, including lost market share to chip peers such as AMD. This multi-quarter, industrywide problem will likely show up in the fourth-quarter results AMD is scheduled to release after Tuesday's close. Implications for AMD Morgan Stanley said it believes Intel's results are "cautious" for peers, especially AMD. Bank of America sees Intel's results as "only incrementally negative" for AMD, partially because the analysts believe AMD's inventory correction in the second half of the year was larger than Intel's.
☆ JPMorgan double-downgrades Intel as chipmaker loses market share to rivals such as AMD
  + stars: | 2022-11-11 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
JPMorgan is making a complete 180-turn on Intel as the chipmaker continues to fall behind its rivals. "We believe it will be several years before Intel is able to reverse the tide to reclaim technology leadership in hopes of regaining market share." Part of that stems from current challenges with a new central processing unit, called Sapphire Rapids, that had production pushed due to security issues. He said Intel will also be pressured by weakening demand for personal technology over the next 12 to 18 months. Cloud and data needs will remain strong, but Intel will not feel the full tailwinds as it continues to lose market share, he added.
☆ Intel announces up to $10 billion in cost reductions through 2025
  + stars: | 2022-10-27 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
Here's how the company did:Earnings: 59 cents per share, adjusted, vs. 32 cents per share as expected by analysts, according to Refinitiv. 59 cents per share, adjusted, vs. 32 cents per share as expected by analysts, according to Refinitiv. Revenue: $15.34 billion, vs. $15.25 billion as expected by analysts, according to Refinitiv. Intel said it's aiming for $3 billion in cost reductions in 2023, and the number will reach $8 billion to $10 billion in annualized reductions and gains by the end of 2025. The company now sees $1.95 in adjusted earnings per share and $63 billion to $64 billion in revenue, compared with $2.30 in adjusted earnings per share and $65 billion and $68 billion in revenue three months ago.
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