US chip maker AMD on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half.
Browsing: Intel
Intel has made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast.
Analysts are betting that AMD will be one of the few semiconductor companies that grows in 2023, even as talk of a downturn in the chip sector dominates the headlines.
Promoted | More than two-thirds of companies using cloud computing across major African markets plan to increase their spending on cloud services in 2023.
Intel has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year.
Intel slid in late trading in the US after giving a dire forecast, hurt by sinking demand from PC customers.
Apple’s push to replace the chips inside its devices with homegrown components will include dropping a key Broadcom part in 2025.
Taiwanese President Tsai Ing-wen said moves by the island’s most valuable chip maker to build factories overseas is a sign of its power abroad.
Intel is splitting its graphic chips unit into two as it realigns the business to better compete with Nvidia and AMD.
Promoted | Intel’s 12th-gen Core processors offer a vast range of computing options to empower businesses of all sizes.