Intel reports revenue of $19.6 billion during second-quarter

Intel reported revenue of $19.6 billion during the second-quarter of 2021.
Intel Q2 2021 financial highlights
Intel is projecting revenue of $19.1 billion for third quarter and $77.6 billion for the full year.

Intel has generated quarterly revenue of $10.1 billion (+6 percent) from Client Computing Group, $6.5 billion (–9 percent) from Data Center Group, $984 million (+47 percent) from Internet of Things Group, $327 million (+124 percent) from Mobileye, $1.1 billion (–34 percent) from Non-Volatile Memory Solutions Group, $486 million (–3 percent) from Programmable Solutions Group during the second quarter of 2021.

Business Highlights

Intel announced a $3.5 billion investment to equip Intel’s New Mexico operations for the manufacturing of advanced semiconductor packaging technologies, including Foveros.

Intel launched 12 new processors for client, including 11th Gen Intel Core with Intel Iris Xe graphics and Intel Xeon W-11000 series processors with more than 300 designs expected this year.

Intel announced partnership with Microsoft including Intel Bridge Technology to deliver better mobile experiences on Windows-powered PCs.

Cloud service providers, including Alibaba, Baidu, Microsoft, and Oracle are offering services based on the latest 3rd Gen Intel Xeon Scalable (Ice Lake) processors.

Intel unveiled the Intel Network Platform and expanded networking leadership product portfolio with new FPGA, software, and Ethernet solutions.

Intel announced partnership with Ericsson to expand cloud radio access network to increase 5G performance.

Intel said Mobileye and ZF were selected by Toyota Motor Corp to develop advanced driver assistance systems.

Chipmaker said on Thursday it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.

Intel Chief Executive Officer Pat Gelsinger declined to comment on a recent report that Intel is looking to buy GlobalFoundries for $30 billion to bolster its foundry efforts.

Intel raised its previous annual forecast $1 billion from its earlier $72.5 billion.

Gelsinger said Intel could sell more chips if it could make more chips. Even though the company runs its own factories, it still faces supply constraints from its own suppliers of materials and equipment.

“We are helping them build factories as fast as they can,” Gelsinger told Reuters. “But it will be one of those things that just takes a couple years to fully catch up to this explosive demand we’re seeing, and we have better tools to address it than others.”