Intel isn't in great shape right now. The tech giant's Q1 2023 revenues fell 36 percent year-over-year to $11.7 billion – the largest drop recorded by the...
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Intel believes it can become a major player in the discrete GPU market and has laid out an
aggressive roadmap for 2nd and 3rd-gen Arc GPUs, codenamed Battlemage and Celestial. So far it has only managed to capture six percent of the global market for laptop and desktop GPUs, which is a good start but not great for the bottom line. Intel fellow Tom Petersen earlier this year confirmed the company is sacrificing profit margins to grow market share, while the GPU division burned at least
$3.5 billion between Q1 2021 and its recent reorganization in Q4 2022.
crazy how much money they are burning on what seems like the wrong market, instead of going after a truly next gen mobile CPU