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 of 2024, Intel gave a relatively pessimistic revenue forecast, with an estimated revenue range of US$12.2 billion to US$13.2 billion. Gelsinger said that these problems faced in the first quarter are temporary, and the company's performance is expected to resume growth, and Intel is still on the right track to regain the number one processor.


On January 24, the president and CEO of Texas Instruments said: "This quarter, our performance in the industrial field has become increasingly weak, and we have also seen continuous declines in the automotive field." TI's chief financial officer pointed out in an interview that industrial-related demand Three consecutive quarters of decline; by contrast, the auto industry is just beginning to shrink; demand for personal electronics, which had previously fallen sharply, is now more stable.


STMicroelectronics’ revenue in the fourth quarter of 2023 was US$4.282 billion, a year-on-year decrease of 3.2%; net profit was US$1.076 billion, a year-on-year decrease of 13.8%. Revenue in fiscal year 2023 is US$17.286 billion, a year-on-year increase of 7.18%; net profit is US$4.211 billion, a year-on-year increase of 6.34%.


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