- Aug 17, 2014
Intel promises that a costly ramp in production of 10nm processors, which includes the forthcoming Sapphire Rapids server chips, will pay off in the second half of the year to counter a slowdown in the PC business.
In the x86 titan's first-quarter earnings call Thursday [PDF], the semiconductor maker stuck with its previous forecast for full-year revenue of $76 billion, even though sales for its biggest moneymaker, the Client Computing Group, are slower than expected in the first half of the year.
The PC business unit saw revenue dip 13 percent year-over-year to $9.3 billion in the first quarter, and that trend is expected to continue in the second quarter, CFO David Zinsner warned on the call. On the other hand, Intel's other business units, including the Datacenter and AI Group and Network and Edge Group, all grew in the first quarter.