Three major chip giants make pessimistic predictions for Q1 2024
【Lansheng Technology News】On January 26, after Texas Instruments warned of weak industrial and automotive demand, Intel and STMicroelectronics also successively expressed pessimistic expectations for Q1 2024. Among them, Intel said that the company's core PC and server businesses and non-core businesses such as Mobileye encountered seasonal low demand at the same time; STMicroelectronics pointed out that demand for industrial products has further deteriorated. Specifically, Intel's revenue in the fourth quarter of 2023 was US$15.41 billion, a year-on-year increase of 10%, breaking seven consecutive quarters of revenue decline; net profit was US$2.7 billion, compared with a net loss of nearly US$700 million in the same period last year. Intel's overall revenue in fiscal year 2023 was US$54.2 billion, a year-on-year decrease of 14%; gross profit margin was 43.6%, a decrease of 3.7 percentage points; net profit was US$4.4 billion, a year-on-year decrease of 36%. Facing Q1 ...