From Tom's Hardware: Today, Intel announced it had generated its first profit in two quarters, raking in $1.5 billion in net income on $12.9 billion in revenue during the second quarter of 2023, and the company posted a more optimistic outlook than expected. Much of the success came on the back of unexpected income from Intel's PC division, sending its stock up 8% in after-hours trading. Intel beat both its own projections and market consensus handily, with its EPS of $0.13 beating consensus estimates of -$0.19.
Intel CEO Pat Gelsinger reported that the company remains on track with its audacious goal to deliver five nodes in four years, noting that the company's next-gen Meteor Lake chips, the first to use the 'Intel 4' node, are in production and on schedule for a Q3 launch. These will be the company's first high-volume consumer chips to use a chiplet-based architecture tied together with the 3D Foveros interconnect tech.
Intel's next-next-gen Arrow Lake chips, which build on that same design methodology, are already progressing through the fab, too. These chips are the company's first to use Intel's 20A node (2nm), which includes new innovations like the PowerVia backside power delivery, which Intel will be first to use, and RibbonFet Gate-All-Around (GAA) technology.
View: Full Article
