AMD's market capitalization finally surpasses Intel, Intel's stock price falls due to poor performance in the second quarter of 2022
On Friday, July 29, 2022, local time, the market capitalization of semiconductor manufacturer AMD surpassed that of semiconductor giant Intel. AMD's market capitalization has reached $ 153 billion (about 20 trillion yen), while Intel's market capitalization has fallen to $ 148 billion (about 19.3 trillion yen).
AMD passes Intel in-market cap
https://www.cnbc.com/2022/07/29/amd-passes-intel-in-market-cap.html
Intel's Market Value Falls Behind AMD's After Results Stumble
https://www.wsj.com/livecoverage/stock-market-news-today-07-29-2022/card/intel-s-market-value-falls-behind-amd-s-after-results-stumble- D3bgi23FtQEUcFpuEe58
Intel Let The Chips Fall Where They Might
https://www.nextplatform.com/2022/07/29/intel-let-the-chips-fall-where-they-might/
On July 29, 2022, AMD's stock price rose more than 3%, bringing the company's market capitalization to $153 billion. On the other hand, Intel's stock price fell by nearly 9% after announcing its financial results for the second quarter of 2022 on the same day. increase.
Regarding AMD's surpassing Intel's market capitalization, CNBC , an overseas media outlet, reported that ``the market for PC and server chips in which the two companies are directly competing is intensifying.'' In addition, CNBC also pointed out that 'investors may value chip makers with less assets than manufacturers (Intel) that invest heavily in manufacturing.' AMD outsources the production of chips to external foundries , but Intel manufactures chips in its own factory, and plans to build the world's largest semiconductor manufacturing plant in Ohio in 2022 and Germany and France announced plans to build a new factory and R&D hub in
Intel to build the world's largest semiconductor manufacturing factory in Ohio with over 2 trillion yen - GIGAZINE
In recent years, AMD chips have become more competitive with Intel chips in terms of performance, being significantly faster and more efficient in some applications.
Which CPU should you buy while the results of comparing Intel and AMD CPUs from all perspectives are being released? -GIGAZINE
On the other hand, Intel's stock price has fallen significantly due to poor performance in the second quarter of 2022. Intel's sales in the second quarter of 2022 decreased 22% year-on-year to $15.3 billion (about 2 trillion yen), marking the seventh consecutive quarter of decline. In the initial forecast, sales of 17.92 billion dollars (about 2.3 trillion yen) were expected, so it will be less than 2 billion dollars (about 260 billion yen).
Intel has significantly dropped PC shipments in the second quarter of 2022 due to the slowdown in PC demand associated with the new coronavirus, which has led to sluggish sales. In addition, Intel reports that the development of new generation CPUs for servers is delayed even in the data center market, which has affected the decline in stock prices.
However, if Intel can organize the foundry correctly, it can return as an excellent manufacturing contractor for American chip makers, the overseas media The Next Platform pointed out. And by continuing to invest in advanced chip manufacturing technology, it will eventually be able to compete with TSMC , which has the highest market capitalization in the world as a foundry. However, a market like ``Intel's strongest'' in the past is impossible unless competitors such as AMD, Arm, NVIDIA, TSMC, etc. fall into a situation where they all fall into ruin, so ``I will come again. There is no such thing.”
However, since Patrick Gelsinger, who has served as Intel's chief technology officer (CTO) and general manager of the data center division, has been appointed as the company's CEO , ``Now, Intel has to do what it has to do. It's important that someone who understands is in command,' said The Next Platform. The question is whether Gelsinger can afford to implement the necessary fixes.
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in Hardware, Posted by logu_ii