Monday, May 20, 2024

How did the chip shortage crisis affect Intel’s revenue?

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Shares fell Stocks fell Intel More than 6%, lower returns than expected due to lack of industrial components Scabs According to the site CNBC

Earnings per share were approximately $ 1.71, compared to expectations of about $ 1.11, and the company achieved approximately $ 18.14 billion in revenue, compared to its expected revenue of approximately $ 18.24 billion..

Intervals Intel It expects revenue of about $ 18.3 billion in the fourth quarter.

The company’s PC chip revenue is down 2% to $ 9.7 billion a year.

PC sales have been strong over the past year as consumers around the world need new laptops and desktops to work from home..

But analysts say the increase in PC sales linked to the outbreak could end in a drop in sales.

Intel says PC sales are down primarily due to a drop in laptop production due to a lack of chips.

The company’s data center team has achieved Intel, Sells processors and other silicon data centers for $ 6.5 billion, up 10% year-over-year, but was less than $ 6.66 billion by analysts..

Intel is spending $ 20 billion this year, including a new semiconductor plant in Arizona, surpassing the period of massive capital expenditure..

The company plans to turn its business model into a manufacturer or foundry of other chip designers and continue to design and manufacture its own processors..

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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