Revenue fell 36% year-on-year, Intel announced layoffs for specific functional areas of business

Recently, Intel released the 2023 Quarter 1 financial report, revenue 11.70 billion US dollars, down 36% year-on-year, less than the previous quarter of 14 billion US dollars, can be seen in the official launch of the mobile terminal 13 generation Core processor, and did not play a positive role in the overall revenue.

 

Intel was previously rumored to be cutting budgets for its data center and client side computing business units.

In response, Intel issued the following official statement: "Intel is working to accelerate its strategy while addressing a challenging macroeconomic environment. We are focused on identifying cost reductions and efficiency gains through a number of initiatives, including layoffs in some businesses and specific functional areas of business across the company."

An Intel spokesperson said: "We continue to invest in core areas of our business, including our manufacturing operations in the US, to ensure we are prepared for long-term growth. These are difficult decisions and we are committed to treating affected employees with respect."

 

Intel's statement confirmed that the company was laying off employees in specific areas, but did not specify the number of employees affected or which areas of the company. The company said it would continue to invest in its chip manufacturing business, and while it has exited several businesses, it remains focused on its IDM 2.0 goals.

According to previous reports, Intel announced that it is accelerating the mass production of the 14th generation Meteor Lake Core processor, saying that it plans to launch in the second half of this year, which is also believed by many media to be related to Intel's lower than expected revenue.

According to reports, Meteor Lake will be mass-produced using Intel 4 process technology, and its transistor density and performance per watt are comparable to TSMC's N5 and N4 series process products.

The 14th generation Core Meteor Lake CPU will use a new small chip architecture, mainly with 3 Tiles: IO Tile, SOC Tile and Compute Tile. Among them, Compute Tile includes CPU Tile and GFX Tile. The CPU Tile will use a new hybrid core design to provide higher performance with lower power consumption, and the GPU will also adopt a new architecture.

 

And today's recent news, Intel may start to modify the CPU naming scheme from Meteor Lake, such as replacing "i" with "Ultra".
According to relevant media reports, some netizens found that Intel Core Ultra 5 1003H has appeared in the "Ashes of Singularity" benchmark database, which may represent a new product line, at least for mobile platforms.

 

According to the message in the picture, the iGPU of this processor is displayed as "Intel (R) Graphics i gfx-driver-ci- master-13736 DCH RI (1024S 128C SM3.0 2.1GHz, 4MB L2, 12.7GB) ", including 128 EUs, the relevant content can be verified by sisoftware.

In addition, its iGPU frequency was detected to be 2.10 GHz and it has 4 MB of L2 cache, which is also the last level of cache for the graphics Tile. If the parameters are identified correctly, it can provide up to the same performance as the Arc A380 alone, but will rely more on memory performance.

 

It can be seen that when the overall sales of the 13th generation Core were not as good as expected and the overall revenue declined, Intel was accelerating the progress of the 14th generation Core launch, hoping to stimulate the PC consumer market through the launch of new products, and interested in Intel's next new products. Small partners can keep an eye on it.