12/1/2023 0 Comments Lattice semiconductor job![]() ![]() ![]() We will fix it by January next year when the last change rolls through for Q4 2023. So the comparisons in the chart above are a little wonky. Intel merged portions of the former Accelerated Computing and Graphics group (AXG) into its DCAI and Client Computing Group (CCG) starting in the first quarter and is recasting these figures as the quarters roll on – it has not put out a summary table that goes back into the prior year as yet. But what we really always care about is trying to ascertain how its “real” datacenter business is performing financially. We like when the other parts of Intel are growing and making money, of course, because that makes Intel more resilient. What matters most of course is how the underlying businesses are doing, and when it comes to Intel what we really care about are the Data Center & AI group and the Network and Edge Group. Intel had a $224 million gain from interest, which help cushion the blow a little, and posted a $2.29 billion benefit from income taxes, which switched it from what would have been a pretty big net loss to a net gain of $1.48 billion. In the quarter ended in June, Intel’s posted $12.95 billion in sales, off 15.5 percent, but even after some pretty substantial cost-cutting, the company still posted an operating loss of $1.02 billion, an increase of 45.1 percent compared to the 700 million operating loss in the year-ago period. But even with this explosion in AI spending, the underlying server market is sluggish, and even the cloud builders and hyperscalers are taking it a bit easy here in the first half of the year. AMD has been doing a pretty good job in Intel’s stead in recent years, which is what we expect AMD’s numbers to show next week. The IT sector needs Intel to compete, and compete well, to help drive the cost of compute in the datacenter downwards and the performance of those compute engines up. That Intel is not doing as badly as either itself or Wall Street expected is, of course, a good thing. (There’s only two other companies out there, Samsung and Intel.) History – backwards looking time – suggests TSMC is right, but only forward looking time (from our current point of view) lived in the moment then (in the future that will become present), will tell who is right.Īs we have said before, the only perfectly accurate way to predict the future is to live it. Intel keeps saying it can beat TSMC on chip manufacturing with its 18A process by 2025, but TSMC keeps saying not a chance, its 2N process will whip anyone out there. We said “compete with,” and we said it on purpose. ![]() Yes, the PC market is less horrible than it was and yes, Intel is executing to its server roadmap and is on track to compete with rival Taiwan Semiconductor Manufacturing Co within two years in terms of process technology. And so it is with Intel in the second quarter of 2023. When they really need to tell a turnaround story. Accounting is something of an art, and companies always save some accounting tricks – perfectly legitimate items that meet the discerning eye of financial standards – to goose their numbers when they really need it. ![]()
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