Intel sees a sharp drop in profits as PC and server markets drop
Intel released year-end figures for 2022, revealing that its total annual revenue was $63.1 billion, down 20% from $79 billion in 2021, with net income and earnings per share are down 60% year over year.
The fourth fiscal quarter of 2022 was also a tough one for the company, which reported a 32% drop in revenue over a three-month period, but even so it was a time of testing the boundaries. .
The partnership with Asus sees the company pushing its 13th generation Intel Core i9-13900K processors past the 9GHz mark, while the 13th generation Intel Core K Series processors are already available for PCs. desktop computer.
Intel forecast for 2023
Despite officially announcing one of the worst performing years in a long time, the company is clearly still optimistic. In Q1 2023, Intel released the latest generation Xeon Scalable processors with compute performance and lucky owner in my mind.
“Despite the economic and market difficulties, we continued to make good progress in our strategic transformation in Q4, including accelerating the product roadmap as well as improving the structure and process. operations to increase efficiency while delivering at the low end of our guideline range,” said Intel CEO Pat Gelsinger.
However, Gelsinger’s next words give us a glimmer of hope, as he goes on to explain that the tech giant will continue to navigate the world. short time challenges to meet its long-term commitments.
There’s no denying that a tough period is still ahead, but Intel’s prediction that this is a short-term struggle will get things back to normal soon… we hope.