Not long ago, Intel released the financial results of the first fiscal quarter of 2023, the first fiscal quarter revenue was 11.7 billion dollars, compared with the same period last year of 18.4 billion dollars decreased 36%, created a record low since 2010, and two consecutive quarters of loss;
Its net loss was $2.8 billion, down 134% from a year earlier.
The poor performance of its major businesses also reflects the challenges facing Intel.
Intel's client computing business group (CCGS), which includes PCS and laptops, reported revenue of $5.8 billion in the first quarter, down 38 percent from a year earlier.
This is partly due to continued weak demand, with IDC estimating that worldwide PC shipments fell nearly 30% in the first quarter of 2023.
On the other hand, the market for processors continues to change, with Apple switching to its own chips and AMD catching up, hurting Intel, which used to be the dominant player in the field.
On the other hand, demand for chips in data centers has fallen in recent months, putting further pressure on Intel's results.
Meanwhile, cloud giants like Googl and Amazon have moved toward designing their own chips;
Nvidia CPU accelerated iteration;
Intel's data center and AI business (DCAI) revenue plunged 39 percent to $3.7 billion in the first quarter.
A string of numbers made Intel's earnings look bleak.
As for the future trend of the industry, Intel CEO Henry Kissinger believes that Intel will be a moderate rebound.
End-market demand will come out of the soft patch or be a commentary on Intel's confidence.
In the PC space, Intel sees inventory adjustments largely as expected, with the market at healthy inventory levels by the end of the second quarter and the PC market on track to sell about 270 million units in 2023.
In the server segment, Intel expects a modest recovery in the second half of 2023, while the overall market size declines year on year in the first half.
While demand trends are relatively strong in markets such as industrial, automotive and infrastructure, Intel believes PSG, IFS and MBLY will continue to see strong growth, with year-over-year growth in 2023.