The chipmaker reported revenue of $14.2 billion in the third quarter, down 8% from the previous year. However, Intel expects growth in the final quarter of the year, predicting the forecast will be between $14.6 billion and $15.6 billion. This optimism is driven by the high demand for artificial intelligence and the launch of new products.

Intel will work with the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) to determine new export control regulations, particularly regarding high-performance accelerators and AI training. The rules, announced in October, aim to “slow the development of China’s chip and equipment manufacturing sectors.”

Interestingly, while rivals like Nvidia and AMD are working on Arm-based PC processors, Intel sees limited potential for these alternatives in the PC market. The company’s CEO, Pat Gelsinger, said he didn’t think they were potentially significant. Instead, Intel is betting on the growth potential of artificial intelligence in computers.

Source: Ferra

Previous articleThe competence of doctors in Russia will begin to be checked with the help of IIV of Russia14:24 | 28 October 2023
Next articleGoogle paid companies $26.3 billion to establish its default search engine
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


Please enter your comment!
Please enter your name here