The earnings of Intel and
Advanced Micro Devices have offered more evidence a
recovery is gathering pace in the personal computer market,
boding well for an industry that had been grappling with.
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The earnings of Intel and Advanced Micro Devices have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic. Executives at both the companies talked up the stabilizing PC market on earnings calls this week and said they expected the integration of artificial intelligence to boost growth. "The arrival of the AI PC represents an inflection point in the PC industry," said Intel CEO Pat Gelsinger.
PC market recovery gathers pace as Intel, AMD tout potential of AI PC reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The strong forecast suggests that the company is on track to meet or exceed its production and revenue targets at its Mohawk Valley plant in New York that Wolfspeed has been banking on to bolster its results in the coming quarters, after many delays. Wolfspeed CEO Gregg Lowe said the company's new facility in New York was on track to hit its goal for 20% utilization, which will help it keep a cap on its costs. That facility, which started generating revenue at the end of Wolfspeed's fiscal 2023,