Intel shrugs off coronavirus with solid Q1 earnings, confirming that Tiger Lake is on track for midyear - hagersaidom

Intel overcame the rude effects of COVID-19 and reported a strengthened first quarter of 2020, confirming that the company plans to add its next Tiger Lake processor near the middle of the year, as well A ADD manufacturing capacity.

Intel gaffer executive Bob Tramp likewise praised his staff for remaining on duty as the coronavirus ramped up, auspicious $100 million in assistance to his workers including special recognition for those who reported to Intel's facilities to keep up the caller running.

Intel reported net income of $5.7 billion, up 42 percent from a year ago, on revenue of $19.8 billion, up 23 percent from the same menstruum. (Intel's second-draw outlook calls for gross to drop slimly, to $18.5 billion.) Intel's empiric businesses exploded, specifically its Xeon-centric Data Center Group, whose tax income rose 43 percent to $7 billion. The larger PC-specific Customer Computing Group experienced slower growth, up 14 pct to $9.8 million. Intel attributed the growth in DCG to strong demand for data inwardness products and the cloud, though the company aforesaid it expects government and go-ahead demand to fall off during the second half of the twelvemonth.

Alike, Intel credited the work-from-base trend in driving strong demand for notebook computer PCs: The sphere grew 19 percent from a year agone, Intel said. (Average notebook selling prices fell aside a slight 3 percent, notwithstandin, probably due to bargain-seeking consumers.) Desktop PC sales fell 2 percent, though average prices climbed by 4 percentage. Intel said information technology doesn't expect that notebook demand will necessarily continue, however, constrained past a global contraction of GDP as the yr progresses.

Next up: Tiger Lake and Sir Thomas More capacity

At CES, Intel first confirmed that its Tiger Lake check would first appearance sometime during 2020. During the company's earnings call, Avow said the 10nm flake will entry sometime during the middle of 2020, without divulging promote details. Over 50 Tiger Lake notebooks are along track for the holidays, he aforementioned.

intel priorities large — Intel laid out what investors and customers should expect throughout 2020.

"This is going to be a great launch," Swan same. "We are very excited about information technology."

Roll as wel said that Intel's shift to 10nm manufacturing was encouraging. Intel is holding about two-base hit the number of Panthera tigris Lake CPUs in reserve that it did for the prior 10nm Meth Lake processor, to avoid supply shortages. "I think up that gives you an indication of just how much our performance is improving in 10nm," said George II Stuart Davis, Intel's head financial officer, during the call.

The coronavirus hasn't studied Intel's ability to try to curriculum vitae a "tick-tock" manufacturing cadence, either, Swan aforementioned. Intel will be manufacturing 10nm products done to almost the end of 2021, when it will shift all over to the 7nm node during the fourth quarter of 2021, he said.

Swan also aforesaid that Intel continues to invest in wafer manufacturing capacity, with the belief that Intel can go back to supplying enough processor armory to its customers. "We remain on track to add sufficient wafer capacity this twelvemonth, and so that we meet market take and restore our Microcomputer unit inventory to more natural levels," Swan aforementioned. "All but-term PC demand has increased owing to work-from-location and online learning. But the second-one-half exact pictorial matter is more uncertain."

In the data-center space, Intel's next set in motion will be in the fourth quarter of this year, when its Ice Lake-settled Xeon launches.

Care other tech giants, Intel declined to provide an mind-set for the year as a unhurt, known Patrick Moorhead, principal at Moor Insights, as the long-term outlook is uncertain because of COVID-19. "Just it did stay fresh it for Q2, which I thought was pretty good," atomic number 2 said.

Taking actions to fight down the coronavirus

Intel appears to embody hyper-careful of coming together contractual obligations and other milestones; it specifically noted that its mill operations ensured a 90 percent on-time delivery metric, and that the caller had raised $10.3 trillion in new debt in an effort to strengthen its financial liquidity.

Intel as wel established a new Intel Epidemic Response Technology Initiative to combat the virus; that includes $50 1000000 for accelerating healthcare and research project, improving approach to online learnedness, and an innovation fund for employees. Intel also said it given $10 million to relief efforts about the globe, plus 1 million and more PPE equipment for affected workers. Intel also teamed with Medtronic and Dyson to help create ventilators, and with Lenovo and BGI Genomics to aid accelerate the analysis of the COVID-19 genome. Finally, it has granted free access to intellectual property for researchers and scientists.

Internally, the "large majority" of Intel employees are working from home, and the company spent more than than $100 million to add benefits such as dependent care, Intel said.

Source: https://www.pcworld.com/article/399071/intel-shrugs-off-coronavirus-with-solid-q1-earnings-confirming-that-tiger-lake-is-on-track-for-midy.html

Posted by: hagersaidom.blogspot.com