U.S. microchip maker Intel is lobbying lawmakers over a new bill that could spell trouble for the company if it keeps its operations in China. The European Union’s incoming ambassador to China says the EU supports China’s peaceful reunification with Taiwan. At the same time, the former U.S. Defense Secretary is calling for an end…
Chipmaker Intel Starts Informing Customers of Price-Hike Plan
Intel Corp. said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage increases…
Intel Seeks $624 Million in Interest From EU After Antitrust Fine Win
BRUSSELS—U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed on Monday. Europe’s top court paved the way for such damage demands last year in a landmark…
Intel CEO Says Chip Shortage Risks Expansion
The head of chipmaker Intel says a shortage of advanced equipment to make semiconductors could hold up global expansion plans. CEO Pat Gelsinger said Monday that there have been “quite significant extensions” in delivery times for chipmaking gear for new chip factories, known as “fabs,” that the company plans to build in the U.S. and…
Tower Semiconductor Clocks 21 Percent Revenue Growth in Q1, Suspends Guidance Due to Intel Takeover
Tower Semiconductor Ltd reported first-quarter FY22 revenue growth of 21 percent year-on-year to $421 million, beating the consensus of $406.9 million. It posted a 29 percent organic growth. The gross profit was $105 million, up 50 percent Y/Y. The operating profit grew 94 percent Y/Y to $63 million. Adjusted EPS was $0.49, up from $0.26 prior-year…
AMD Reports Record Performances All Around in Beat-And-Raise Q1, Stock Rallies
Advanced Micro Devices, Inc. reported record first-quarter revenue and non-GAAP net income that comfortably beat estimates. The chipmaker’s results reflected across-the-board strength, led by higher Ryzen and EPYC processor sales and solid semi-custom revenue. The company raised its full-year revenue guidance, citing strong contributions from Xilinx and server and semi-custom segments. AMD’s Key Q1 Metrics…
Here’s Why Intel CEO Believes Chip Shortage to Last Until 2024
May 3, 2022
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After predicting the global chip shortage would last until 2023, Intel Corporation CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024. Gelsinger thinks that the industry can meet the demand for new products being built on new lines, not just existing ones; hence, the chip shortage will stretch into 2024. Talking about Intel’s…
Samsung Overtook Intel as Top Chip Seller in 2021 Thanks to Automotive, Smartphones
The global semiconductor revenue reached $595 billion in 2021, up 26.3 percent year-on-year, Gartner reports. Samsung Electronics Co. Ltd.’s chip business grew 28 percent Y/Y, while Intel Corp. lost 0.3 percent Y/Y. Now, Samsung tops the list with $73.2 billion in revenue and a 12.3 percent market share, while Intel with $72.5 billion in revenue and a 12.2…
Yet Another Analyst Sees Slowdown in PC Shipment Causing Headwind for Intel
April 15, 2022
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Citi analyst Christopher Danely saw Intel Corp. experience some headwinds as PC shipments fell below Citi’s estimates. Danely had a Neutral rating and a $55 price target on Intel (18.1 percent upside). Danely observed that March notebook shipments were up 33 percent month-over-month, missing the targeted 42 percent growth. For Q1, shipments fell 20 percent quarter-over-quarter, missing the 18…
Here’s Why Truist Slashed Price Targets on AMD, Intel, Nvidia
Truist analyst William Stein warned against the sustained semiconductor rally due to a sudden negative shift in demand signals from a wide swath of computer, consumer, and communications OEMs to at least some of their semi-suppliers. The cuts mainly related to production in the second quarter, but demand throughout the year’s second half remained strong….
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