Intel sees no big profit margin gains before 2025, would mull consortium for Arm
The Hindu
CEO Pat Gelsinger said Intel would be interested in participating if a consortium emerges to own the British semiconductor and software design company Arm Ltd.
Intel Corp expects its profit margin to drop this year and then be steady for several years as it invests in new technologies and factories to meet rising chip demand, but added it forecasts climbs from 2025.
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Intel Chief Executive Pat Gelsinger also said Intel would be interested in participating if a consortium emerges to own the British semiconductor and software design company Arm Ltd.
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Gross margins are set to drop to 52% this year from nearly 58% last year on a non-GAAP basis, Intel said at its Investor Day conference on Thursday. It saw levels of 51-53% in 2023-2024 before a climb back to 54-58% the following years.
Intel predicted a revenue increase of 1.7% to $76.0 billion in 2022, then mid-to-high single digit percentage point growth in 2023-2024, followed by gains of 10-12% for 2025-2026.
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