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Intel CEO overestimated PC chip demand
Posted:?Jan 20, 2014 8:42 AM

After dropping three percent YoY in Q3, Intel's PC CPU division sales, which accounted for 62 percen...[ View complete article ]


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Intel CEO overestimated PC chip demand

Posted:? Jan 20, 2014 8:42 AM
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After dropping three percent YoY in Q3, Intel's PC CPU division sales, which accounted for 62 percent of revenue, were flat YoY in Q4, logging an operating profit increase of 20 percent to $3.4 billion.
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EETimes Asia : Smartphone shipment in China drops 5% in Q1
(1) Reply:Intel CEO overestimated PC chip demand Posted:? Jan 20, 2014 8:42 AM
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Author:EETAsiaEditors

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Intel plans to cut back its global workforce of 107,000 employees by approximately 5 per cent this year as the world's leading semiconductor manufacturing company shifts its priorities.

The announcement comes one day after Intel announced its fourth quarter earnings in a conference call that featured CEO Brian Krzanich acknowledging that the company had overestimated PC chip demand three years ago when it began planning the construction of Fab 42, the opening of which it cancelled earlier this week.
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