Intel's 10nm Cannon Lake CPUs won't arrive until 2019

Intel CEO Brian Krzanich

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.

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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.

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