Intel promises an avalanche of new CPUs and chip tech despite record losses

pcgamer.com:

Intel has released its latest financial figures and they make for grim reading. The company chalked up its biggest ever quarterly loss of $2.8 billion(opens in new tab), slightly better than the $3 billion loss(opens in new tab) that was predicted earlier in the week, with overall revenues down fully 36% compared to the first quarter of 2022. Ouch.

Despite that, CEO Pat Gelsinger is extremely bullish about Intel's prospects. From a PC gamer's perspective, a couple of things stand out. First, Gelsinger says Intel's next-gen Meteor Lake(opens in new tab) is in production and will launch in the second half of this year. Yup, and actual product launch this year.

It's also interesting to note that despite the fact Intel revenues for client PCs including gaming rigs fell by fully 38% for the first quarter of 2023 compared to the same period in 2022, Intel actually gained a little market share.

But arguably more important is Gelsinger's doubling down on Intel's commitment to roll out five new process nodes in just four years. That monumental effort is all about first making Intel competitive with TSMC and then surpassing its main rival in chip production to regain its position as maker of the world's most advanced silicon.

«We remain committed to executing on our strategic roadmap by delivering on five nodes in four years, achieving process performance parity in 2024, and unquestioned leadership by 2025 with Intel 18A,» Gelsinger said, adding «two out of these five nodes, Intel 7 and Intel 4, are now essentially done. Intel 7 is in high-volume manufacturing, and Meteor Lake on Intel 4 is ramping production wafer starts today for a second-half product launch,» Gelsinger said(opens in new tab).

Gelsinger also said that Intel's