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Pat Gelsinger, CEO - Intel

Intel saw its stock tumbling by more than 8 percent after the chipmaker said the industry-wide component shortage affected its PC chip business during the third quarter (Q3). Intel CEO Pat Gelsinger told CNBC late on Thursday that he didn't expect the semiconductor shortage to end until 2023. "We're in the worst of it now, every quarter, next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023," Gelsinger was quoted as saying.


The company delivered its Q3 results with revenue up 5 percent (year-over-year) driven by strong demand in its DCG and IoTG businesses, despite the highly constrained industry-wide supply environment. "Q3 revenue was $18.1 billion slightly below our guide due to shipping and supply constraints that impacted our businesses," George S. Davis, Chief Financial Officer, said in a statement. He also announced plans to retire from Intel in May 2022. In the third quarter, the company generated $9.9 billion in cash from operations and paid dividends of $1.4 billion.


In an earnings call, Gelsinger said that the digitization of everything accelerated by the four superpowers of AI, pervasive connectivity, cloud to edge infrastructure, and ubiquitous compute are driving the sustained need for more semiconductors. In an earnings call, Gelsinger said that the digitization of everything accelerated by the four superpowers of AI, pervasive connectivity, cloud to edge infrastructure, and ubiquitous compute are driving the sustained need for more semiconductors.

Intel computer processor in selective color photography | Photo by Slejven Djurakovic on Unsplash

According to the company, the demand remains strong in its PC business with particular strength in commercial, desktop, and higher-end consumer notebooks. In an earnings call, Gelsinger said that the digitization of everything accelerated by the four superpowers of AI, pervasive connectivity, cloud to edge infrastructure, and ubiquitous compute are driving the sustained need for more semiconductors. "The market is expected to double to $1 trillion by 2030. In that timeframe, the market for leading-edge nodes will rise to be over 50 percent of the total, while the market for leading-edge foundry services will grow at twice the rate of the semi-industry overall," he envisioned.


PC demand remains very strong, and "We believe the 2021 TAM (total addressable market) will grow double digits even as ecosystem shortages constrain our customer's ability to ship finished systems," Gelsinger added. "Customers continue to choose Intel for their datacenter needs and our third-gen scalable Xeon processor Ice Lake has shipped over 1 million units since launching in April, and we expect to ship over 1 million units again in Q4 alone," he informed. (IANS/MBI)


Keywords: Intel, Chip, processor, Desktop, AI, Semiconductor, PC, Processor


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South Korean game developer has introduced a new initiative for Battlegrounds Mobile India (BGMI) which will enable a new level of parental control via time limitations and OTP confirmation. The 'Game Responsibly' initiative will also show warning messages along with break reminders, game limits and more. "Every player, below the age of 18, needs to register a parent or a guardian before they start playing for the first time. An OTP will be sent to the registered person's number, post which the minor is allowed to play the game," the company said in a statement.

Some games can get intense and make players lose track of time. However, with timely break-time reminders, the developer has made sure players get the required downtime. These reminders will help them look up from their game and get back to real life, maintaining a healthy game-life balance. In addition, with a strict gameplay limit in place players below 18 years must not indulge in gaming for more than 3 hours per day. This automatically helps them treat gaming as an activity performed in moderation.

The brand has also set an in-game daily spend limit of Rs 7,000 that automatically stops them from overspending and overgaming. Krafton recently announced that it has removed 25 lakh accounts in just over a month to eradicate cheating on Battlegrounds Mobile India (BGMI). Since the last announcement, between October 1 and November 10, Krafton banned 25,19,692 accounts permanently and 7,06,319 temporarily. "The company has cleaned out most of the cheaters in the game, making BGMI a much more fun experience, and will continue to take whatever step is necessary to keep BGMI fair and fun," it claimed. (IANS/ MBI)


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