Intel Earnings Preview: Facing Continued Headwinds, Chipmaker Eyes Q3 Comeback
On July 18, 1968, two brilliant engineers at Fairchild Semiconductor, Robert Noyce and Gordon Moore, came together to establish N.M. Electronics, which later became known as Intel Corporation (NASDAQ:INTC). Their first-year revenue was $2,672 – not bad for a start!
Fast forward to today, Intel holds the crown as the world's largest microchip manufacturer, responsible for crafting the processors found in most personal computers. With its headquarters nestled in Santa Clara, California, Intel has firmly secured its spot at the forefront of the industry.
Speaking of microprocessor manufacturers, Intel was the trailblazer, launching its groundbreaking Intel 4004 in 1971. Although it faced fierce competition from the likes of Qualcomm Incorporated (NASDAQ:QCOM), Taiwan Semiconductor Manufacturing (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), and International Business Machines (NYSE:IBM), Intel has managed to maintain its leading position in the market and even expand.
Source: InvestingPro
Intel and AMD have long dominated the market as the leading manufacturers of processors for PCs and laptops. The X86 architecture, powered by Intel, has been the go-to choice for the industry for decades, while cell phones rely on ARM architecture.
To support their new chip designs, Intel has announced ambitious plans for massive manufacturing plants called fabs. With two fabs scheduled for construction near Phoenix, two more in Ohio, and another in Germany, the company is aiming to bolster its chip production capacity.
Recently, Intel made a significant announcement about transforming its manufacturing unit into an independent business. This move is a crucial step in their turnaround and diversification plans.
Now, let's try and take a
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