[The Exiled]

Je, i dalje lupaju rekordne zarade.

Intel’s 12% slide erases more than $20 billion from market value

Apple kicked an M1-shaped hole in Intel's quarter

CFO George Davis – whose retirement was announced today – was at pains to point out that were it not for Apple quitting Intel silicon and Chipzilla exiting the modem business, client-related revenue would have risen ten per cent. Davis predicted another shock from declining demand from China. CEO Pat Gelsinger told investors that as a result of China's recent crackdown on gaming "all of the cloud vendors are adjusting their offerings to meet that new regulatory environment, so we expect there is a quarter or two for them to digest what they would look like."

Pat Gelsinger laid it all out on the table and stopped the charade. He was once a farm boy from rural Pennsylvania who moved out to Silicon Valley at the age of 18 to work at Intel. Now he has the keys to the company, and he’s betting the entire farm on its future technological dominance. It’s been very clear Intel will lose market share for at least the next couple of years due to increased competition from AMD, Apple decoupling, and various hyperscaler in-house efforts. Pat Gelsinger minced no words when stating 2022 would be a bad year. Revenue will shrink from $77.7B to ~$74B and gross margins will fall all the way to 51% to 53% for the next few years. These failures were a long time coming due to prior poor leadership and engineering failures.