Intel CEO claims Core Ultra laptop chip is 'hot' but the company's near-term outlook still isn't exactly on fire

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Jeremy has been writing about technology and PCs since the 90nm Netburst era (Google it!) and enjoys nothing more than a serious dissertation on the finer points of monitor input lag and overshoot followed by a forensic examination of advanced lithography. Or maybe he just likes machines that go “ping!” He also has a thing for tennis and cars.

Intel's Core Ultra laptop chip is hot. So says Intel CEO Pat Gelsinger. No not that kind of hot, but instead selling like hotcakes, apparently. Despite that Intel's latest forecasts were below expectations as the firm continues the battle to turn its fortunes around.with analysts, Intel said it expects revenues for the next quarter to hit around $12.5B to $13.5B, lower than the $13.61B the investment analyst community was expecting.

Gelsinger likewise claimed that Intel is on track to deliver on its promise to deliver five new chip production nodes in just four years."Job number one was to accelerate our efforts to close the technology gap that was created by over a decade of underinvestment. The heart of Phase 1 was five nodes in four years. The rallying cry was torrid. It combined accelerating our node transitions with improving our product execution and cadence to regain customer trust," he said.

That needs to be remembered when Intel bigs up the release of products like Arrow Lake, based on the new 20A node and due later this year, or Panther Lake on 18A next year. According to Intel's own foundry forecasts, which are presumably ambitious rather than pessimistic, we're still years away from Intel making chips on Intel 4, Intel 20A and Intel 18A in really big numbers.are glorified test chips for new nodes that are still years away from being fit for truly high volume production.

Jeremy has been writing about technology and PCs since the 90nm Netburst era and enjoys nothing more than a serious dissertation on the finer points of monitor input lag and overshoot followed by a forensic examination of advanced lithography. Or maybe he just likes machines that go “ping!” He also has a thing for tennis and cars.

 

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Intel's Foundry Business Reports Decline in Revenue and Operating LossIntel's foundry business experienced a decline in revenue in 2023, resulting in a $7 billion operating loss. CEO Pat Gelsinger anticipates even worse numbers for this year and announces a reorganization to align the chipmaker with its competitors. The reorg involves reporting results from various segments, including Client Computing Group, Data Center and AI, Network and Edge, Intel Foundry, Altera, Mobileye, and Other. Foundry is now a standalone segment, while CCG, DCAI, and NEX are classified as "Intel Products." This change is significant as the Foundry segment will now recognize revenues from external customers and Intel Products, along with associated costs.
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