Record first-quarter revenue was $16.1 billion, up 13 percent year-over-year on strength of Intel's data-centric businesses, which accounted for 49 percent of first-quarter revenue.
The 10nm Cannon Lake chip is coming out in limited volume, while a new chip called Whiskey Lake is revealed.
The company's net income rose to $4.45 billion, or 93 cents per share, in the quarter ended March 31, from $2.96 billion, or 61 cents per share, a year earlier.
Intel Corporation has reported earnings of approximately $6.3 billion in cash from operations, a dividend payout of $1.4 billion and buy back of 41 million shares for $1.9 billion. "Our PC business continued to execute well and our data-centric businesses grew 25 percent, accounting for almost half of first-quarter revenue", said Brian Krzanich, Intel CEO. Intel forecast even faster growth during the current quarter, 10.4 percent.
During today's conference call, Krzanich briefly mentioned the serious vulnerabilities in Intel's chips that came to light at the beginning of the year, which could potentially allow hackers to take control of a user's PC.
"Our PC business continued to execute well and our data- centric businesses grew 25 percent, accounting for almost half of first-quarter revenue", Intel chief executive Brian Krzanich said in a written statement.
Intel CEO Brian Krzanich has been forced to admit that the company's long-awaited volume shift to 10nm process architectures has been delayed again due to yield issues - an admission that comes at the same time that rival manufacturer TSMC is cranking up production of components at 7nm.
AMD will hold the edge in process technology throughout most of this year and is intending to make the jump from 12nm all the way down to 7nm. At the same time, both Samsung and TSMC are already using a 10nm process, albeit for less complex chips. Understandably most of the questions that followed in the Q&A portion of the call focused on the 10mn delay, but Krzanich was unable to give any further clarification beyond a rather vague 2019 timeframe however confident he claimed to be about the lithography. The company is shipping 10nm product now, he said. "If there were basic functionality issues, you wouldn't be able to ship a product", Krzanich explained.
As Engadget reports, Intel quietly confirmed there is another delay before we get 10nm Cannon Lake chips.
PM Modi reportedly asked Rahul Gandhi whether he was fine, which signaled that the government was not taking the incident lightly. He is also expected to address a public gathering at Bantwal region, Dakshina district and Kodagu in the coming days.
Investors cheered the latest corporate earnings , sending the Dow up by 131 points at its session high. Diversified industrial manufacturer 3M was the biggest drag on the Dow Jones Industrial Average .
The report says that Russian Federation has expressed aggression towards the USA within the information field multiple times . The public portion of the report does not make clear where that information came from - whether from Comey or another source.
The iPhone SE 2 will most probably have the same thick bezels that we have seen on the iPhones before the iPhone X happened. Meanwhile, the 64GB model of the iPhone 8 Plus comes with a price tag of Rs.77,560 and the 256GB variant costs Rs.91,110.
Emi Murphy, a campaigner at Friends of the Earth said: "This a major victory for science, common sense and our under-threat bees". He warned that without the pesticides many crops grown would become less viable and could lead to increased imports of food.
The only reason he didn't break camp with the big club was that Atlanta wanted to delay the start of his Free Agency clock. The flip side to that is Acuna clearly wasn't ready for the Majors if he is struggling against minor league talent.
It is positive, as 55 investors sold V shares while 605 reduced holdings. 13 funds opened positions while 24 raised stakes. Calton & Associates Inc. purchased a new stake in Wynn Resorts in the fourth quarter valued at approximately $178,000.
But the agency made a decision to delay regulations until 2022 as part of a plan to overhaul tobacco regulations . On Wednesday, the company announced it will take additional actions to combat underage use of its products.
Analysts expect the first-quarter growth pace to be a bit of an anomaly and not a true reflection of the economy. The cooling in equipment investment comes as the stimulus from a recovery in commodity prices is fading.