Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Thematic (Sector/Industry)

<ul>
<li>Intel recently hosted a webinar on the company’s Data Center &amp; AI group strategy</li>
<li>Intel has the broadest range of compute processor types on the market including CPU, GPU, FPGA, ASIC etc, but has lost its competitive edge to AMD on the server side</li>
<li>Regaining server leadership will require home runs on both Granite Rapids and Intel 3 in 2025</li>
</ul>


Intel recently hosted a webinar on the company’s Data Center &amp; AI group strategy
Intel has the broadest range of compute processor types on the market including CPU, GPU, FPGA, ASIC etc, but has lost its competitive edge to AMD on the server side
Regaining server leadership will require home runs on both Granite Rapids and Intel 3 in 2025


Intel's Data Center & AI Investor Webinar Key Takeaways

<ul>
<li>The current semiconductor downturn is largely attributable to the reversion of PC and Smartphone unit shipments to their pre-pandemic norms</li>
<li>There are good reasons to believe that the trough for PC unit shipments will be Q1 2023. </li>
<li>Server shipments will decline sequentially in H1 and this may further prolong the impact on memory players, Intel and to a lesser extent, AMD &amp; NVIDIA</li>
</ul>


The current semiconductor downturn is largely attributable to the reversion of PC and Smartphone unit shipments to their pre-pandemic norms
There are good reasons to believe that the trough for PC unit shipments will be Q1 2023. 
Server shipments will decline sequentially in H1 and this may further prolong the impact on memory players, Intel and to a lesser extent, AMD &amp; NVIDIA


<ul>
<li>While his hiring back in 2017 was heralded with a corporate press release, his abrupt departure yesterday was communicated via a rather succinct tweet from the CEO. </li>
<li>Intel's GPU/DPU data center roadmap was already "simplified" in back in January. Will what remains survive the ongoing cuts across the company?</li>
<li>Should Intel still really be trying to break into the gaming PC market? How is that strategically important? </li>
</ul>


While his hiring back in 2017 was heralded with a corporate press release, his abrupt departure yesterday was communicated via a rather succinct tweet from the CEO. 
Intel's GPU/DPU data center roadmap was already "simplified" in back in January. Will what remains survive the ongoing cuts across the company?
Should Intel still really be trying to break into the gaming PC market? How is that strategically important? 


<ul>
<li>The role has been vacant for &gt; 3 months. Why wait till now to chose an obvious in-situ candidate?</li>
<li>Closure date for the Tower acquisition has been pushed out to H1 2023 from Q1 2023 according to an Intel filing on January 27 last</li>
<li>Intel's fortunes have changed dramatically for the worse over the past year. It's debatable whether the Tower acquisition makes sense any more. </li>
</ul>


The role has been vacant for &gt; 3 months. Why wait till now to chose an obvious in-situ candidate?
Closure date for the Tower acquisition has been pushed out to H1 2023 from Q1 2023 according to an Intel filing on January 27 last
Intel's fortunes have changed dramatically for the worse over the past year. It's debatable whether the Tower acquisition makes sense any more. 


Intel Foundry Chief Announcement Spells Trouble For The Tower Semi Acquisition

<ul>
<li>AMD Q4 2022 revenues amounted to $5.6 billion, $100 million above the midpoint of the guided range, flat sequentially but an increase of 16% YoY. </li>
<li>Intel Q4 2022 revenue amounted to $14 billion, at the very bottom of the guided range down 8% sequentially and down 28% YoY.</li>
<li>Facing the same macro headwinds, AMD significantly outperformed Intel across a wide range of key metrics in 2022</li>
</ul>


AMD Q4 2022 revenues amounted to $5.6 billion, $100 million above the midpoint of the guided range, flat sequentially but an increase of 16% YoY. 
Intel Q4 2022 revenue amounted to $14 billion, at the very bottom of the guided range down 8% sequentially and down 28% YoY.
Facing the same macro headwinds, AMD significantly outperformed Intel across a wide range of key metrics in 2022


United States

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

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Intel Corp (INTC US)

Intel's Data Center & AI Investor Webinar Key Takeaways

Intel has lost its competitive edge to AMD on the server side. Regaining that leadership will require home runs on both Granite Rapids and Intel 3...

William Keating

Anatomy Of A Semiconductor Downturn

The current semiconductor downturn is largely attributable to the reversion of PC and Smartphone unit shipments to their pre-pandemic norms. We...

William Keating

Intel's GPU Guru Departs. Very Abruptly.

Intel's GPU/DPU data center roadmap was already "simplified" in back in January. Will what remains survive the ongoing cuts across the company?

William Keating

Intel Foundry Chief Announcement Spells Trouble For The Tower Semi Acquisition

Waiting >3 months to finally fill the role with an obvious in-situ candidate strongly suggests that the original plan has fallen apart. We think...

William Keating

AMD Versus Intel. Spot The Differences?

Throughout 2022, Intel's leadership team made a series of very poor decisions which caused the company to significantly underperform across a wide...

William Keating

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