We're not yet participating in the cloud-based AI data center market in a meaningful way,” Holthaus admitted. “We have learne
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
Fair to say Intel's GPU plans don't always go to, er, plan. During Intel's latest earnings call for highly-remunerated bean counters, the company's new interim co-CEO let slip that its upcoming next-gen AI GPU has effectively been cancelled.
The AI chip war with Nvidia ( NASDAQ:NVDA) and AMD ( NASDAQ:AMD) is heating up, and Intel is still playing catch-up. Investors are still waiting on a new CEO, with interim co-CEOs David Zinsner and Michelle Johnston Holthaus holding down the fort.
In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.
If Intel hopes to survive the next few years as a freestanding company and return to its role as innovator, it can not afford to waste its time and it
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A report last month said its 18A process, which was supposed to be a "turning point" for Intel Foundry, is only achieving 10% yield rates, which industry site wccftech says makes "it impossible for the semiconductor to reach mass-production stages."
Although Intel has yet to announce who will help produce the processors, TSMC already works with Intel to manufacture Arrow Lake chips.
Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This move is part of the company's strategy to streamline its roadmap and optimize resources. "AI data center...is an attractive market for us," Holthaus said during the call. "But I am not happy with where we are today."