Intel reported $20B revenue for Q4 2020 up 1% YoY, and $78B for overall 2020, up 8% YoY. The company's profit stood at $20.9B, $150M less than the previous year.
- The company's last quarter sales were primarily driven by higher PC sales. Around 33% more PCs, particularly notebooks, were sold with Intel's chips during Q4 compared to the same period in 2019.
- Intel's incoming CEO Pat Gelsinger said yesterday that the company would outsource more chip production to other companies. TSMC, which manufactures chips for Intel's competitors AMD and Nvidia, currently manufactures some of Intel's graphics processing chips. When Intel first announced its outsourcing plans last year, the company lost more than $45B in market cap.
- CNBC noted that the more than 12-month delay of Intel's 7-nanometer chips is weighing the company down. Intel's current best chip technology is its 10-nanometer technology, which was released in 2019, and TSMC's best technology is its 3-nanometer chips.
- The company announced a dividend of $1.39 per share, up 5% YoY. Its share price increased by 5% since yesterday afternoon and has lost all the gains today. Intel originally planned to release its earnings after the market hours yesterday, but released six minutes prior, due to a reported hack of its corporate website that leaked some earnings-related data.