{"id":237992,"date":"2021-04-23T12:06:04","date_gmt":"2021-04-23T12:06:04","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=315438"},"modified":"2021-04-23T12:06:04","modified_gmt":"2021-04-23T12:06:04","slug":"cloud-rains-on-intel-as-data-centre-sales-slide","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/04\/23\/cloud-rains-on-intel-as-data-centre-sales-slide\/","title":{"rendered":"Cloud rains on Intel as data centre sales slide"},"content":{"rendered":"

<\/p>\n

\tIntel reported the second straight annual decline in quarterly revenue at its Data Centre Group, which handles customers in the cloud, enterprise and government sectors.<\/p>\n

CEO Pat Gelsinger [1] highlighted 5G as a bright spot for the chipmaker’s data centre sales in Q1, which were otherwise impacted by a slowdown following high demand for cloud services at the peak of the Covid-19 (coronavirus) pandemic.<\/p>\n

Revenue at the unit fell 20 per cent year-on-year to $5.6 billion, after also registering an annual decline in Q4 2020.<\/p>\n

CFO George Davis said the trend will reverse itself in the current quarter, with “growth in all areas of data center”, and cloud services in particular.<\/p>\n

Intel’s earning statement tempered expectations by noting the data centre unit could be negatively impacted by US vendor bans “and industry-wide supply constraints”.<\/p>\n

Gelsinger\u00a0highlighted the value of Intel’s growing foundry operations [2] in the US: “The world needs more semiconductor capacity”, he said, adding there is a global need for “a more balanced supply chain”.<\/p>\n

“We’re seeing industry say that, we’re seeing government say that and we’re uniquely positioned to fulfill that.”<\/p>\n

During Q1, net income fell 41 per cent to $3.4 billion on revenue of $19.7 billion, 1 per cent lower.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/intel-lines-up-ceo-switch
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/intel-puts-20b-into-major-chip-manufacturing-move<\/p>\n\n

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Intel reported the second straight annual decline in quarterly revenue at its Data Centre Group, …<\/p>\n

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