Posted 1/26/2024, 1:27:00 AM
Intel's PC Business Rebounds But Data Center Struggles in Pivotal 2023
- Intel's client/PC group revenue and profits rebounded strongly in Q4, offering optimism for 2023
- But Intel's data center and AI business struggled, with revenue and profits down significantly
- Intel faces mounting competition in AI chips from Nvidia and AMD who are gaining traction
- Intel's foundry business is growing but still losing money as it invests in new facilities
- 2023 is a critical year for Intel to execute on its turnaround plan under CEO Gelsinger