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Intel-Feature

In theory, 2022 has been a rocky twelvemonth for Intel. The company has weathered the repeated announcement of security issues related to Spectre and Meltdown. It dismissed its previous CEO, Brian Krzanich. It'south had to announce the delay of its 10nm process then fend off rumors that said process node was completely canceled as of earlier this week. AMD'southward Ryzen 7 has mounted strong competition all year, while AMD's Epyc server platform has taken market share away from Xeon every bit well.

And however, based on Intel'southward actual recorded acquirement for Q3, you'd be forgiven if y'all forgot the company had faced so much as a brief headwind these past few months. The visitor recorded revenue of over $19.2B, a new record, up 19 percent year-on-twelvemonth. Data center revenue grew 22 per centum, while PC revenue grew 16 percent. The company gear up a new earnings tape, at $ane.38 per share and raised its full-year outlook to $71.B. Intel gear up revenue records for all of its reporting groups.

Intel-CCG

AMD's results yesterday were stronger than they looked in one case you factored crypto sales into the equation. Intel sales are groovy everywhere. While it looks like iPhone modem sales may have plumped out the Client Computing Grouping slightly, you tin can encounter on the slide below that the gains in "Adjacencies" aren't big enough to business relationship for the improvements to client PC sales revenue overall — there were improvements in ASPs and volume shipments as well. Modem revenue grew 66 percent year-over-year — winning the iPhone is a game-changer for Intel's modem business.

IoT isn't a major profit commuter for Intel the way DCG and CCG are, just we keep an eye on the segment because information technology represents some of Intel's 'future' technology bets. Overall growth was brisk, with pregnant acquirement increases in every segment. The only minor downside was a slight decrease in operating income for Intel'south Programmable Solutions Group, which includes its FPGA business.

"Stronger than expected customer need across our PC and data-centric businesses continued in the tertiary quarter. This drove tape acquirement and another enhance to our total-year outlook, which is at present up more than six billion dollars from our January expectations. We are thrilled that in a highly competitive marketplace, customers continue to choose Intel," said Bob Swan, Intel CFO and Interim CEO. "In the fourth quarter, we remain focused on the claiming of supplying the incredible marketplace need for Intel products to support our customers' growth. We expect 2022 will be another record yr for Intel, and our transformation positions u.s.a. to win share in an expanded $300 billion full addressable market."

These results at least partially vindicate Intel's argument that increased demand is responsible for its 14nm shipment compression. According to the company's Grade viii-K, bodily unit of measurement shipments for various processors increased compared with the same period in a year agone, with notebook shipments upward eight percent and desktop volumes ascension by 1 percentage. Server volumes, meanwhile, were upwardly a whopping 15 percent — and call up that these are the fries most likely to field large dies, which ways they consume a higher share of Intel's manufacturing capability. Intel doesn't sell very many 28-core CPUs relative to its dual and quad-coresSEEAMAZON_ET_135 See Amazon ET commerce, just each one of the chips it does sell "counts" for a much college percent of the wafer it'due south built on.

10nm Update

Intel reiterated today that its 10nm procedure is on-rail and on-schedule, making the point repeatedly in a number of unlike ways. Co-ordinate to Intel (in multiple remarks), the company has faith and confidence in its 10nm ramp at this point, it's on-target and on-schedule. This statement from Venkata Due south. 1000. Renduchintala is typical of the visitor's comments:

[W]e're still very much reinforcing and reaffirming our previous guidance that we believe that we'll have 10-nanometer shipping past vacation of 2022. And if anything, I feel more than confident nigh that at this call than I did on the call a quarter ago. So we're making skilful progress and I think we're making the quarter-on-quarter progress that's consistent with prior generations having reset the progress curve.

That'south as ironclad a statement as you could ask for. It'southward even so possible that Intel chose to redefine its 10nm node and that the production it will transport as "10nm" isn't the 10nm that information technology debuted back in 2022. Until the visitor releases more details, we tin can't say what the node volition look similar. But equally far as its ability to field a 10nm product, Intel has presented the overwhelming argument that it can, without much wiggle room on the timeline.

At that place's no bad here to talk almost. Intel had an amazingly proficient quarter, the visitor is firing on every single thruster, economically speaking, and at that place'southward no sign of weakness in any of its results.

Now Read: Micron to Buy Intel's 3D XPoint Fab, Expects No Alter to Optane Roadmap, Intel Denies Media Reports Claiming Information technology Cancelled Its 10nm Procedure, and Intel Core i9-9900K Review: Welcome to an Intel-AMD 8-Core Slugfest