June 9, 2023


News Headlines: Hindustan Times provides exclusive top stories of the day, today headlines from politics, business, technology, photos, videos, …

“We lost engagement, we lost momentum. We think that’s leveling off this year.”

Intel Hopes To Regain Market Share From AMD This Year But Market Watchers Aren't Sure How 1

Intel CEO Pat Gelsinger hopes Chipzilla will regain losing market share to AMD this year, but Wall Street isn’t sure yet.

Intel hopes to win back market share from AMD this year but market watchers aren’t so sure

Intel reported latest earnings, which are some of the most disastrous they’ve published in years, show that the company will be back on track in 2023 and on track for market leadership by 2025 and beyond. we He detailed their entire product portfolio expected in the coming years It will handle both AMD and Apple in the server, laptop and desktop segments.

During the earnings call, Intel CEO Pat Gelsinger admitted that they have lost ground and also the momentum they had before but that is now changing and the company can expect to stabilize in the current year.

“We’ve lost share, we’ve lost momentum. We think that’s leveling off this year,” CEO Pat Gelsinger told investors on a conference call.

via Reuters

While Pat thinks Intel is in good hands, Wall Street analysts and the market itself aren’t really sure how Intel expects stability so early. The factors are the huge $13.2 billion or 151 days stock that still exists along with the poor reception of Intel’s recently launched Sapphire Rapids Xeon CPUs to address AMD’s EPYC portfolio.

AMD is beginning to take on Intel in market share. (Image credits: Reuters)

The blue team expects it Sapphire Rapids Xeon CPUs will continue to power many cloud clients and data centers Including the likes of Amazon, Microsoft, META, and more. The DRAM market is also hoping this will be the case, but other analysts have predicted that AMD’s EPYC CPUs will continue to gain server market share and perhaps just Hit or bust 30% by the end of this year With more products launching soon in the current lineup such as Genoa-X, Bergamo and Siena.

“I don’t think Intel is yet in a position to start to regain share. Going from 1% to 13% is significant. It tells you that there is now a second viable competitor in the server processor market, that is having momentum and is gaining momentum,” Rao said.

“Intel had high hopes that Sapphire Rapids would enable them to take the fight to AMD,” said Lucas K, semiconductor analyst at Third Bridge. “However, our experts say it has been disappointing so far because of Intel’s continued inconsistency in delivery.”

“Intel’s turnaround is taking some time, exacerbated by the economy, but I think its plan is working,” said Glenn O’Donnell, an analyst at Forrester Research. “It’s introducing new products and ramping up its manufacturing with agreements from other chipmakers to use Intel’s manufacturing capacity.”

via Reuters

But there are also some analysts who expect that the plans implemented by CEO Pat Gelsinger and his team at Intel are doing well, and if it continues like this, we can expect a good outcome for Intel as well.

See also  Cryptoverse: Fire NFTs

Share this story