Intel CEO Pat Gelsinger mentioned that customers have already completed their inventory burn in the first half of the year, hinting that deals on PCs and components might decrease. He also emphasized an upcoming "AI PC" revolution, with the term "AI" being mentioned over 60 times during the call. The company's previous plan of "five nodes in four years" is reportedly still on track, with three customers lined up for Intel 18A.
Key takeaways:
- Intel has transformed its five-note Intel Bong sound mark into a piece of music that is now played during the company's earnings calls.
- The company reported a second consecutive quarterly profit of $310 million in Q3 2023, with improved results across nearly all businesses compared to the previous quarter.
- Intel CEO Pat Gelsinger mentioned that customers have already completed their inventory burn in the first half of the year, hinting at a potential decrease in deals on PCs and components.
- Gelsinger also emphasized an upcoming "AI PC" revolution, with the term "AI" being mentioned over 60 times during the earnings call.