The US semiconductor giant Intel raised its annual forecast Thursday after unveiling quarterly results exceeding expectations, the group taking advantage of soaring demand for electronic components with the pandemic.
Read also: Intel invests 20 billion in two chip factories
“The digitization of all products is accelerating, creating a huge growth opportunity for our company and our customers, both in our core business and in emerging activities,”
said Intel CEO Pat Gelsinger, in a press release. He took over as head of the company at the start of the year. The group expects revenue of $ 77.6 billion for the full year, compared to $ 77 billion previously, and adjusted earnings per share of $ 4.80, compared to $ 4.60 previously. In the second quarter, its revenue stagnated compared to the same period of 2020, at $ 19.6 billion.
The group posted a net profit of 5.1 billion dollars, also almost stable.
Reported per share and excluding exceptional items, profit reached $ 1.28, more than the $ 1.06 expected by analysts.
Growing demand
Manufacturers of computers and other electronics have seen demand for their products explode with the spread of telecommuting and home entertainment early on in the pandemic, driving demand for microchips.
Other industrial sectors, such as the automobile, also need it for their products, which are now loaded with electronics and are currently struggling to obtain it.
To meet growing demand, Intel in March unveiled plans to invest $ 20 billion in two new plants in Arizona.
The Wall Street Journal
recently said that Intel, which faces competition from TSMC and Samsung in particular, was in talks to buy GlobalFoundries in a roughly $ 30 billion deal to boost production.
The title of Intel lost 1.9% in electronic exchanges after the close of the Stock Exchange in New York.
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