intel company announced first quarter 2022 financial results. According to the company, the year has started strong, resulting in revenues of $18.4 billion (+0.4% than expected), which represents a decrease of 7% compared to the 19,700 million generated during Q1 2021. Of course, if we talk about net income, they are $8.1 billion141% more than the same period last year, when the value of its shares also experienced 141% growthseeing how the value of each stock went from $0.82 to $1.98.
Client Computing Group’s (CCG) consumer hardware business generated a 13 percent drop in revenue ($9.3 trillion), while the rest of the company’s business showed green numbers, and it was that the smart vehicle-related division, Mobileye, grew 5%the Graphics (AXG), Networks and Edge (NEX), Data Center and AI (DCAI) division they grew 21/23/22% respectively, while their foundry business Intel Foundry Services (IFS) 175% revenue increase.
“The first quarter was a strong start to the year, beating expectations on both revenue and expense,” said Intel CEO Pat Gelsinger.
“With a $1 trillion market opportunity ahead of us, we remain focused on our IDM 2.0 strategy. We executed this strategy well in the first quarter, delivering key product and technology milestones and announcing plans to expand our manufacturing capacity in the United States and Europe to meet continued demand for semiconductors and drive a more balanced and resilient global supply chain.”
“Intel delivered strong first quarter financial results and we are maintaining our full-year revenue guidance,” said David Zinsner, Intel’s chief financial officer. “We remain committed to the financial framework we established at Intel’s investor meeting, including the diligent management of the business to drive both growth and profitability and create shareholder value.”
- During the quarter, CCG saw continued adoption of Alder Lake processors, with the Alder Lake family now having over 250 designs planned for this year.
- DCAI began shipping the first Sapphire Rapids @ Intel 7 models to select customers in Q1 and unveiled its new dual-path roadmap that uses both Intel’s performance and efficient cores to deliver high-density computing and ultra-efficient for the cloud.
- NEX introduced the latest Xeon D processors and Open Vino toolkit, which will continue to advance the software-defined edge and network.
- AXG launched the Intel Arc A-series GPUs for laptops. Alchemist, the first of these products, began shipping to customers this quarter.
- Mobileye showcased its hands-free True Redundancy detection system, a major step in preparation for the launch of its planned robotaxi services in Israel and Germany.
- IFS has continued to advance technology, IP and customer engagement and now has over 30 dedicated Intel 16 test chips this year. During the quarter, Intel announced its intention to acquire Tower Semiconductor, which should accelerate IFS’s goal of becoming a comprehensive global foundry with one of the broadest differentiated technology portfolios in the industry.
- The company also made progress in creating a balanced and resilient supply chain for semiconductor manufacturing, with new investments announced in the United States and Europe, as well as the opening of the latest research facility. and advanced development in Oregon.