Intel posts loss as foundry plans advance

Intel’s 27 April results show first-quarter revenue falling 36% year-on-year to US$11.7 billion and a US$2.8 billion GAAP net loss.

Photo: JF10, “Intel HQ” (Santa Clara, 2008), CC BY 2.0. Resized and cropped.

Data Center and AI revenue falls 39%, to US$3.7 billion. Intel has recast prior-period segment figures after reorganising its graphics businesses, so the comparison uses that revised basis.

Its second-quarter forecast includes about US$500 million of operating benefit from depreciation assumptions, excluded from its cost-saving targets. Revenue is projected at US$11.5–12.5 billion.

Meanwhile, Intel says Meteor Lake’s Intel 4 production wafer starts are ramping for a second-half 2023 launch.

The 12 April agreement with Arm shows another stage of its manufacturing plans. The companies intend to tune Arm designs and Intel’s 18A process together, initially for mobile chips, and develop a reference design.

Those commitments concern design preparation; the announcement doesn’t report a finished customer chip or production-volume shipments.

Related: March’s Xeon roadmap.