{"id":95895,"date":"2020-10-23T13:39:00","date_gmt":"2020-10-23T10:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opinion-will-intels-struggles-be-amds-gains\/"},"modified":"2020-10-23T13:39:00","modified_gmt":"2020-10-23T10:39:00","slug":"opinion-will-intels-struggles-be-amds-gains","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opinion-will-intels-struggles-be-amds-gains\/","title":{"rendered":"#\n  Opinion: Will Intel\u2019s struggles be AMD\u2019s gains?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2fcd3eda62d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2fcd3eda62d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-will-intels-struggles-be-amds-gains\/#The_Intel_logo_is_displayed_at_a_technology_trade_fair_in_Hanover_Germany_in_2018\" >The Intel logo is displayed at a technology trade fair in Hanover, Germany, in 2018.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-will-intels-struggles-be-amds-gains\/#Therese_Poletti\" >Therese Poletti<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Opinion: Will Intel\u2019s struggles be AMD\u2019s gains?<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000043569\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-243941?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-243941?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-243941?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-243941?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-243941?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-243941?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-243941?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-243941?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\"The Intel logo is displayed at a technology trade fair in Hanover, Germany, in 2018....\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"The_Intel_logo_is_displayed_at_a_technology_trade_fair_in_Hanover_Germany_in_2018\"><\/span>The Intel logo is displayed at a technology trade fair in Hanover, Germany, in 2018. <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Intel Corp. showed some ill effects from the pandemic Thursday, but some of the company\u2019s pains could be a result of gains from a smaller rival.<\/p>\n<p> Intel<br \/>\n        INTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203649727\/composite\" class=\"positive\">+0.74%<\/bg-quote><br \/>\n       reported a 10% drop in its sales of server chips and a 1% gain for its PC division, and shares fell more than 9% in after-hours trading.  In contrast, shares of its main rival, Advanced Micro Devices Inc.<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+0.27%<\/bg-quote><span>,<\/span><br \/>\n       gained more than 2% at times in after-hours trading, showing that investors were betting that AMD was taking some of the increase that wasn\u2019t there for Intel.<\/p>\n<div class=\"paywall\">\n       Intel\u2019s PC-centric revenue growth of only 1% was rather surprising compared with growth of 7% in the second quarter and reports of overall strong gains for PCs. Earlier this month, IDC reported that PC shipments had their best growth in a decade in the third quarter, due to working and schooling from home. <\/p>\n<p>Dean McCarron, an analyst at InStat Research, which tracks the X86 market, said it is possible that AMD had some gains in the PC market due to the pandemic, as more buyers looked for lower-end PCs for working and studying at home.  Intel executives told analysts on the company\u2019s call that average selling prices in sales of PC chips were down 6% \u201cdue to increased volume in our consumer entry and education segment.\u201d   <\/p>\n<p>\u201cFor PCs, we won\u2019t know until AMD announces,\u201d McCarron said in an email. \u201cAMD has a heavier mix of consumer versus business, so they tend to do better in the second half. COVID has disproportionately impacted business PCs, so Intel has been hit harder than AMD has.\u201d <\/p>\n<p>The data-center market is also suffering from a lack of corporate buying. Intel said that data-center revenue was lower than it expected due to a fall-off in spending by enterprise and government customers. It also saw a huge boost in data-center sales in the second quarter, when revenue soared 43%. <\/p>\n<p>Intel said that the data-center market is now in one of its consumption phases, when the cloud companies are adding all the server capacity they just purchased. \u201cOur guide assumes cloud-segment demand moderates as key customers enter a digestion period following multiple quarters of above-trend line growth,\u201d said Intel Chief Financial Officer George Davis.<\/p>\n<p>AMD has also seen gradual market-share gains in the server market in the past few years, so another downturn in data center could also be echoed in its results. After being out of servers for a few years, the company re-entered the server market in 2017. Since then, it has taken back some lost share. In its July earnings call, Chief Executive Lisa Su said AMD had met its double-digit server processor market share in data-center products, meaning its share of servers with X86 chips was at least 10%. Data center accounted for more than 20% of AMD\u2019s second-quarter revenue.<\/p>\n<p>\u201cThere\u2019s a fairly cyclical trend with cloud data center especially, and that trend peaked a quarter ago, so I\u2019d expect (consistent with what Intel is saying) that data center would be soft in Q3 and for the next couple quarters,\u201d McCarron said. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Intel said it sees many of the same dynamics going forward into the fourth quarter that it saw in the third. It expects PC-centric sales to be down in the low single digits, while data center is expected to decline ever further, down about 25%, from the fourth quarter of 2019.<\/p>\n<p>One analyst asked if Intel is seeing more competition, implying but not asking directly about AMD, which has made huge inroads with its new   chip families designed around its Zen architecture, and its partner Taiwan Semiconductor Manufacturing Corp.<br \/>\n        TSM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204359850\/composite\" class=\"positive\">+0.65%<\/bg-quote><br \/>\n        is seen as being ahead of Intel  in its manufacturing process.<\/p>\n<p>\u201cWe\u2019re seeing increased competition in the second half of the year, but not different levels of competition than we thought,\u201d said Davis. \u201d We feel good about where we are on the year, so I would say it\u2019s really a mixed story and a very different mix than we thought going in.\u201d <\/p>\n<p>Investors will be hearing from AMD soon enough, to determine how much of Intel\u2019s issues are market-related, and how much are AMD-related. AMD reports earnings on Oct. 27.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Therese Poletti\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Therese_Poletti\"><\/span>Therese Poletti<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-DAA310056B29%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Opinion: Will Intel\u2019s struggles be AMD\u2019s gains? &#8221; The Intel logo is displayed at a technology trade fair in Hanover, Germany, in 2018. Getty Images Intel Corp. showed some ill effects from the pandemic Thursday, but some of the company\u2019s pains could be a result of gains from a smaller rival. Intel INTC, +0.74%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":95896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-95895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/95895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=95895"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/95895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/95896"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=95895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=95895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=95895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}