Microsoft has introduced new features for users to instantly access their smartphone’s hotspot via dial-up on a Windows 11 PC.
It allows its users a secure WiFi network without touching their phones. The feature is compatible with selected Samsung Galaxy devices.
The company’s CEO Pat Gelsinger said the cut in its fourth-quarter outlook reflects economic uncertainty that should continue into next year, and the company expects to spend the time boosting its data center sales, which are falling 27%. in the third quarter.
Intel also lowered its investment forecast for this financial year to $25 billion (approximately Rs. 2,059 crore) from $27 billion (approximately Rs. 224 crore) previously. When asked about the potential
Gelsinger told Reuters that “people actions” were part of her cost-cutting plan saves 7 trillion rupees.
Increasing the efficiency of the factory network is therefore much more important to the economy than labor costs.”
The adjustment will begin in the fourth quarter, but Intel’s workforce will be less than at the end of 2020. There were 110,600 to date, up from 131,500 at the beginning of October this year.
Macro headwinds cloud the outlook for its PC and data center markets, which are big markets for Intel. Kingai Chan said:
Intel Client Computing Group’s revenue from PC sales rose to $8 USD 7.7 billion (approx. Rs. 63,420 crore) in the second quarter compared to USD 1 billion (approx. Rs. 66,700 crore) in the third quarter.
Amazon on Thursday reported lower-than-expected earnings from its AWS cloud business. Profit rose 28% to its $20.5 billion (approximately Rs 1.6885 trillion). AWS and other cloud service providers are big customers of chipmakers, including Intel, and key to revenue growth.
Intel lost market share in the data center market, and Gelsinger said it lost market share again in the third quarter.
But he said Intel “significantly” increased its market share in its PC segment in the third quarter.
Rising inflation has hit demand for computers and other equipment, forcing electronics companies to cancel orders for chips and other components as they try to clear inventories. Its research data shows its PC shipments of 4,444 units fell 15.5% in the third quarter.
Intel expects the PC market to decline to the mid- to late-teens in 2022.
Still, Gelsinger predicts a market size (the market the company is tracking) that Intel predicts will be 270 million to 295 million units in 2023.
The company now has an annual turnover of US$ 65 million (Rs 5,35,370 crore) in 2022, while it was earlier estimated at US$ 68 billion (Rs 5,60,110 crore approx). It was initially projected to be around $76 billion (approximately Rs. 626,000).
According to Refinitiv data, the analyst expects annual revenue of $65.26 billion (about Rs 537,540 crore) on average.
