Intel reports Q4 revenue down 4% YoY to $13.7B, vs. $13.4B est., Data Center and AI revenue up 9% to $4.7B, Q1 guidance below est.; INTC drops 10%+
Intel reported fourth-quarter earnings Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Intel reports Q4 revenue down 4% YoY to $13.7B, vs. $13.4B est., a $600M net loss, up from $100M in Q4 2024, Q1 guidance below est.; INTC drops 11%+ after hours
Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Intel reports Q3 revenue up 3% YoY to $13.7B, vs. $13.2B est., and net income of $4.1B, vs. a net loss of $16.6B in Q3 2024; INTC jumps 7%+
Intel reported better-than-expected revenue on Thursday, signaling that demand for its core x86 processors for PCs has recovered. The stock jumped 6% in extended trading.
Inside Intel's 700-acre Fab 52 in the Arizona desert, which cost $32B and is starting large-scale 18A chip production, as the company seeks to impress customers
the Arizona mega foundry building the future of 2nm chips Ian King / Bloomberg : Over three days in Arizona, Intel executives repeatedly asserted that its 18A process is the most advanced chip product...
Sources: Intel is in early-stage talks to add AMD as a foundry customer, but it lacks the technology to produce AMD's most advanced chips; INTC closed up 7.12%
Rohan Goswami / Semafor :
Sources: Intel CEO Lip-Bu Tan has spoken to TSMC CEO C.C. Wei about a partnership or a joint venture; he also met with Tim Cook this year; INTC closes up 8.9%
Wall Street Journal :
A look at Intel's $28B Ohio chip factory, the largest economic development project in Ohio's history, initially set for a 2025 opening but now delayed till 2030
Kris Maher / Wall Street Journal : Bluesky: @computing and @scottlincicome Bluesky: Dennis Lam / @computing : i am long INTC on the grounds that as a natural security matter, it will be forced to suc...
Nvidia and Intel partner to develop multiple generations of x86 products; Nvidia will buy $5B of Intel's stock at $23.28 per share, a ~5% stake; INTC jumps 25%+
Cats and Dogs, living together! — In a surprising announcement that finds two long-time rivals working together …
Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel's stake in the unit falls below 51%
until it didn't Mai Tao / Robotics & Automation News : US government takes 10 percent stake in Intel for $9 billion Ashley Belanger / Ars Technica : Intel details everything that could go wrong with U...
Some lawyers and bankers say the Intel deal may face legal challenges as the CHIPS Act may not allow the US government to convert grants into equity
and every American should be [video] Kelsey Piper / @kelseytuoc : @recurseparadox Congress can repeal the CHIPS act if they want to. (I think they shouldn't, but they could). But ‘Congress authorized ...