· According to the Internet, in order to cut costs, Intel once again reduced its business, announcing the suspension of the Pathfinder for RISC-V Pathfinder program and the Tofino network switch business.
· In response, Intel responded that this is just a small team project and is still committed to supporting RISC-V in the future; this incident has no impact on Intel Foundry Services (IFS) and the RISC-V development platform "Horse Creek".
· The reason for suspending the planned business is that Intel’s Q4 performance plummeted, and its market value evaporated by 54.3 billion overnight.
More institutional analysis pointed out that Intel may have further business cuts in the future.
Intel has been committed to working with partners to promote innovation and application breakthroughs in transformative technologies such as artificial intelligence, 5G, and intelligent edge, and drive a smart and connected world.
RISC-V has always been regarded as the third most potential CPU architecture besides x86 and Arm.
The development of Nvidia, another global technology giant, is in stark contrast to Intel. It turns out that Nvidia is expected to make a lot of money through the ChatGPT arms race! Detailed information shows that ChatGPT has led to the explosion of the concept of AIGC sector, and the layout of multiple manufacturers at home and abroad, AI will usher in a new wave. In this environment, not only star companies "make money", chip leaders are more eager to take this opportunity to "make a fortune". It is reported that the ChatGPT "arms race" has increased Nvidia CEO Huang Renxun's worth to $18.4 billion . But opportunities often coexist with challenges. ChatGPT, which has become popular in the circle, has actually been repeatedly banned and banned by New York public schools and major factories in the United States, just because it caused a lot of panic, and it may even lead to the "killing" of university papers.
However, with the return of Nvidia's ultra-fast StyleGAN, which is more than 30 times faster than Stable Diffusion, and the amazing exposure of Nvidia's GeForce RTX 4070 desktop graphics card with a main frequency of 2475 MHz, the ChatGPT challenge has not affected Nvidia's research and development breakthrough for the time being.
Looking back at Intel, we can see that Intel's 2022 fiscal year will be "explosive", and its net profit will drop by 60% , and its gross profit margin is expected to continue to decline. In the fourth quarter of 2022, revenue fell by 28% year-on-year. So far, Intel's quarterly revenue has fallen for four consecutive times. Recently, Intel even had its worst performance, and its stock price plummeted by 8%. Wall Street expressed its shock. The customer group joked that it relied on the chip design process to make a comeback. As Intel's performance plummeted and its market value evaporated by US$8 billion, the brand plans to cut costs by US$3 billion this year.
As a global chip giant, Intel's series of layoffs and business cuts are just to find a way out under the cold wave. Its future development is still worth watching.
