You may think you know how much Intel is struggling, but the reality is worse. The once-mighty American innovation powerhouse is losing market share in multiple areas that are critical to its profitability. Its many competitors include not just the AI juggernaut Nvidia, but smaller rivals and even previously stalwart allies like Microsoft.
One flashing warning sign: In the latest quarter reported by both companies, Intel's perennial also-ran, AMD, actually eclipsed Intel's revenue for chips that go into data centers. This is a stunning reversal: In 2022, Intel's data-center revenue was three times that of AMD.
AMD and others are making huge inroads into Intel's bread-and-butter business of making the world's most cutting-edge and powerful general-purpose chips, known as CPUs, short for central processing units.
This story is from the January 07, 2025 edition of Mint Kolkata.
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This story is from the January 07, 2025 edition of Mint Kolkata.
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