Chip maker AMD gains ground on rival Intel
show the once fast-growing data centre business will be more challenging for all chip makers as companies adjust their spending.
While Intel still dominates the PC and server processing chip markets with a share exceeding 70%, that is down from more than 90% in 2017, according to tech research firm IDC. A big chunk of that share was taken by AMD. The slumping PC business pummelled Intel’s first-quarter outlook and Intel CEO Pat Gelsinger said he was seeing “some of the largest inventory corrections literally that we’ve ever seen in the industry”.
“We believe AMD’s results continue to show softness across the PC and gaming markets,” said Angelo Zino, analyst at CFRA Research. “We also expect revenue levels in both segments to trough in the first half of this year.”This decline led chip makers to slash revenue forecasts, triggering a sell-off in chip stocks.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMD is set to outshine rivals in chip industry downturn - TechCentralAnalysts are betting that AMD will be one of the few semiconductor companies that grows in 2023, even as talk of a downturn in the chip sector dominates the headlines.
Read more »
Convergence Partners secures R5.1-billion for infrastructure fund - TechCentralConvergence Partners, the technology-focused private equity firm chaired by Andile Ngcaba, has closed a new digital infrastructure fund at $296-million.
Read more »
iKhokha's growing e-commerce offering creates big opportunities - TechCentralPromoted | The maturing e-commerce market presents an exciting opportunity for small businesses to expand their reach and increase their revenue streams.
Read more »
Blogger who cooked and ate great white shark fined R320 000 - TechCentralA food blogger in China was fined R320 000 by authorities after she posted a video showing her illegally buying and eating a great white shark.
Read more »
NTT Ltd sues ex-CEO Jason Goodall for millions - TechCentralNTT Ltd is suing its former global CEO, Jason Goodall, in the UK, alleging he had a secret financial interest in the sale of Dimension Data's Campus.
Read more »
Spend on cloud to accelerate across Africa in 2023 - TechCentralPromoted | More than two-thirds of companies using cloud computing across major African markets plan to increase their spending on cloud services in 2023.
Read more »