Wednesday, May 25, 2022

Intel released its Q4 2021 Earnings but it’s still not up to the mark

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Intel (NASDAQ: INTC 51.69 1.35 percent) has released its fourth-quarter 2021 earnings, topping consensus estimates on both the top-line and bottom-line. Intel announced $19.5 billion in non-GAAP revenue for the three months ending December 31, 2021. The result was 6% higher than the consensus estimate.

Analysts predicted that the Client Computing Group (CCG) would produce $9.6 billion in revenue during the quarter, while the Data-Center Group (DCG) would make $6.7 billion. DCG had an all-time high in revenue in Q4 2021, whereas NSG was the biggest letdown.

In terms of Intel’s product portfolio, the company stated in a news release:

  • Mobileye announced plans to go public in the United States in mid-2022 through an IPO of freshly issued Mobileye stock.
  • The sale of our NAND memory business to SK Hynix, Inc. was completed for the first time.
  • We announced a $20 billion investment to develop two new cutting-edge chip plants in Ohio, where we are establishing the first advanced semiconductor campus in the Midwest’s “Silicon Heartland.” Intel will open its first new manufacturing facility in 40 years.
  • Launched the 12th Generation Intel® CoreTM processor family, which includes the all-new 12th Generation Intel Core H-series mobile CPUs, which include the Intel Core i9-12900HK, the world’s fastest mobile processor. 1 The Intel Core 12th Generation family will feature 60 processors and around 500 designs.
  • Key packaging, transistor, and quantum physics breakthroughs essential to advancing and accelerating computing well into the next decade were revealed, as well as the company’s path to a 10x interconnect density improvement in packaging with hybrid bonding and a 30% to 50% area improvement in transistor scaling.
  • With more than 50 design wins, Intel® ArcTM discrete graphics solutions (code-named “Alchemist”) began selling to OEM/ODM customers.

Intel is investing at least $20 billion in a hub in Ohio that might eventually house as many as eight fabs, as we previously reported. On a priority basis, the business wants to construct at least two fabs at its Ohio base, with production set to begin in 2025. Intel is also spending an additional $20 billion in Ocotillo, Arizona, to build two new facilities that will service Intel’s customers as well as future foundry partners.

Intel is divesting non-essential businesses to pay these costly ambitions. One such move is Intel’s memory unit’s sale to SK Hynix of South Korea, which received regulatory approval near the end of 2021. These attempts are part of a larger push by the chip manufacturing industry to establish facilities in the US.

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Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


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