Intel, chip manufacturing
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Intel let a little air out of Wall Street’s superheated enthusiasm for the chipmaker Thursday, reporting middling financial results and warning of a slow quarter ahead. Shares dropped 6% in after-hours trading.
By Arsheeya Bajwa and Max A. Cherney Jan 22 (Reuters) - Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates,
Intel Corp. today showcased a new class of Intel Core Ultra X9 and X7 processors, the first new chips built on its most advanced 18A manufacturing process.
Intel’s stock rally continues as investor optimism grows, buoyed by major investments from Nvidia and the US government that have revived confidence in its chip manufacturing future.
By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.
For the current quarter, Intel said it’s looking for breakeven earnings-per-share and revenue of between $11.7 billion and $12.7 billion. Both numbers came in below the Street’s forecast, which calls for earnings of five cents per share on sales of $12.51 billion.
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Intel Gives Weak Forecast After Supply Shortages Hurt Sales
Intel is struggling with its manufacturing yields — the percentage of usable chips coming out of its factories — making it harder to fill orders.
Intel’s stock price has more than doubled in the past five months, since President Donald Trump announced the U.S. government would buy a 10% stake in the ailing chip manufacturer, followed by similar investments from SoftBank and Nvidia.