SANTA CLARA (dpa-AFX) – The chip company Intel has significantly exceeded expectations in the past quarter. With a turnover of 20 billion dollars, the company took around 2.6 billion dollars (2.14 billion euros) more than previously announced. That was also one percent less than a year earlier. For the year as a whole, revenues rose eight percent to a record $ 77.9 billion. The quarterly profit fell 15 percent to 5.9 billion dollars, as it was announced on Thursday.
In the data center business, revenue fell 16 percent year over year to $ 6.1 billion last quarter. For the entire year, however, revenues rose by eleven percent to $ 26.1 billion after the corona boom in data traffic. With working and learning at home, video conferences, among other things, increased significantly in 2020. That made the expansion in data centers necessary, from which Intel also benefited.
In the business with PC processors, revenues rose 9 percent to $ 10.9 billion last quarter. The decisive factor was a jump in notebook sales – which is also considered a consequence of the corona pandemic.
Investors apparently had difficulty classifying the figures. While the Intel share expanded its price gain by more than four percentage points in regular trading immediately after it became known, the paper recently lost more than one percent after the trading hours.
Intel is facing a change at the top of the company: On February 15, the experienced tech manager Pat Gelsinger will take over the chief position. The group had recently come under increasing pressure, among other things due to delays in the start of a new processor technology.
The outgoing boss Bob Swan said in a conference call with analysts after the numbers were presented, Intel was making good progress in overcoming the problems in the production of chips with structure widths of 7 nanometers. The group had to announce in the summer that these new processors will be delayed further and will not come onto the market until late 2022 or early 2023. The reason is an error in the production process that led to an excessive proportion of unusable chips.
In connection with the problems, there was also the possibility that Intel could have the new processors produced entirely by other manufacturers instead of in its own factories. Now Gelsinger said he anticipates that the majority of the product range will come from Intel factories in 2023. At the same time, however, it is likely that “individual technologies and products” will increasingly rely on external manufacturers.
Mastering 7 nanometer technology is extremely important to Intel’s future. The smaller the structure width, the more processors fit on a semiconductor wafer during production. In addition, the chips work more efficiently and with less energy. The competitor AMD (AMD (Advanced Micro Devices)) already has 7 nanometer products on offer. Intel was already struggling with delays with the current 10 nanometer technology. / So / DP / he