Intel's chip foundry business lost $7 billion last year, and it will take several years to turn around the losses
海角七号
发表于 2024-4-3 15:09:14
220
0
0
On April 2nd local time, Intel disclosed in a document submitted to the US Securities and Exchange Commission (SEC) that its new division responsible for chip manufacturing, Intel Foundry, had a revenue of $18.9 billion in 2023, a year-on-year decrease of 31%. In 2022, this figure was $27.49 billion, and operating losses expanded from $5.2 billion the previous year to $7 billion.
Intel CEO Pat Kissinger did not shy away from the losses faced by the business and stated that 2024 will be the year with the most severe operating losses in the company's chip manufacturing business.
At the same time, he also gave a prediction that the business will achieve a balance of operating income and expenses by the end of 2030. At that time, the company's goal is to achieve a gross profit margin of 40% and an operating profit margin of 30% under non US GAAP.
After the above news was released, Intel's closing price on the same day was $43.94 per share, down 4.1% after hours.
As an established semiconductor giant in the United States, Intel has not adopted the popular "Fabless" model in the industry, which is only responsible for chip design and outsources manufacturing to foundries such as TSMC. Instead, it has always adopted the "Integrated Device Manufacturer" (IDM) model, which integrates design and manufacturing.
At an online analyst meeting in June last year, the company disclosed for the first time that it would split its design and manufacturing business in the first quarter of 2024, and the wafer foundry business unit would be completely independent and responsible for its own profits and losses.
In February of this year, at the IFS Direct Connect 2024 conference held in California, Intel announced the official renaming of its wafer business, Intel Foundry Services, to Intel Foundry. The company also publicly showcased the mass production progress of its 1.8nm chip process Intel18A, as well as a process roadmap for the next decade, including the more advanced Intel 14A (corresponding to 1.4nm) process.
According to SEC documents, Intel's business is divided into two parts based on "OEM products", with product departments including Client Computing Division (CCG), Data Center and Artificial Intelligence Division (DCAI), and Network and Edge Division (NEX). OEM, consisting of OEM technology research and development, OEM manufacturing and supply chain, and OEM services, has now become an independent operating department (i.e. Intel Foundry) with its own income statement.
According to the split plan, the independent wafer foundry department will calculate the revenue from external customers and Intel products based on market pricing, as well as the R&D and manufacturing costs previously allocated to the company's product department. According to this arrangement, the profit of Intel's product department will also significantly increase. The company plans to achieve a 60% gross profit margin and a 40% operating profit margin under non-standard accounting standards by the end of 2030.
In addition, Intel's management previously set a goal for its independent wafer foundry business to challenge its main competitors in the chip manufacturing field, namely TSMC and Samsung, and vowed to become the world's second largest foundry by 2030.
To support this ambitious plan, Intel has fully opened up to accepting wafer foundry orders from external customers. "We are willing to contract chips for any company, including our competitor AMD," Kissinger previously publicly urged customers to place orders. At the February conference, both Microsoft and ARM signed a cooperation agreement with Intel on-site, and the company estimated that wafer foundry orders would reach $15 billion, higher than the original expectation of $10 billion.
According to the latest statistics from CounterPoint, an international consulting firm, TSMC ranked first with a market share of 61%, followed by Samsung with a market share of 14%, and Intel in the top ten, but with a market share of less than 1%, there is still a significant gap compared to its competitors.
Two senior industry professionals studying semiconductor manufacturing processes told Interface News reporters that Intel had long lacked presence in the field of chip manufacturing. However, in recent years, its independent wafer foundry business, the acquisition of ASML's most advanced EUV lithography machines, and the promotion of the "four years and five nodes" advanced chip process can still demonstrate the determination of this veteran chip giant to revive chip manufacturing.
In addition, as one of the few chip companies in the United States with manufacturing capabilities, the government's industrial policy support is also an undeniable advantage for Intel.
Last month, the company received a direct funding subsidy of $8.5 billion from the US Chip and Science Act, which may be the largest payment of its kind currently issued under the Chip Act. The company is also eligible to receive $11 billion in federal loans in the future to advance its factory construction in Arizona, New Mexico, Ohio, and Oregon.
In addition, Intel was also included in the first batch of the EU's € 43 billion subsidy plan for the European version of the "Chip Act", and its new factory in Germany, with a total investment of € 30 billion, was the first project to be implemented under the Act.
The above industry insiders analyzed that the chip foundry market has long been concentrated in top manufacturers, and TSMC has almost monopolized the manufacturing of advanced process chips. But as the United States and the European Union successively introduce policies to subsidize the semiconductor industry, the demand from major countries for chip manufacturing supply chains to flow back to the domestic market is increasing, which may reshape the competitive landscape of the global market.
In this context, whether Intel can seize the opportunity to occupy a place deserves long-term attention.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Intel and AMD join forces to defend x86! Huang Renxun: They are amazing
- インテル、AMD連合でx 86を守る!黄仁勲:彼らはとても起きられない
- Intel, AMD 통합 x86!황인훈: 걔네들 못 살아.
- Intel被裁员工转投NVIDIA:薪水直接暴涨33%!
- Intel laid off workers switch to NVIDIA: salary skyrockets by 33%!
- Intelリストラされた労働者のNVIDIAへの転職:賃金が直接33%急騰!
- Intel은 감원된 노동자에 의해 NVIDIA로 전환되었습니다: 급여가 직접 33% 폭등했습니다!
- It is reported that the early development of the standard version of iPhone 17 has been completed, and Foxconn in India is manufacturing it
- iPhone 17の標準版の早期開発が完了し、インド・フォックスコンのOEM
- The Biden administration has finally finalized TSMC's $6.6 billion factory building subsidy, limiting buybacks for the next five years
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏