Downbeat forecast from Intel

Gross margin was 50.4% down from 55.2%.

“We expect the industry will continue to see challenges until at least 2024 in areas like capacity and tool availability,”  Intel CEO Pat Gelsinger told the earnings call.

PC chip revenue of $9.29 billion  was down 13% y-o-y.

Datacentre and AI ICs, which includes FPGAs, were up  22% at $6.03 billion. 

The Q2 revenue forecast is €18 billion which disappointed analysts and sent the shares down.

Intel blamed supply chain interruptions and the effect of the Shanghai lockdown.

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