Intel stays one step ahead of the competition with its in-house chips
At the annual Consumer Electronics Show, Intel announced that it is just a few steps away from releasing its four new families of chips.
Intel is getting ready to release the third generation of Xeon Scalable processors, a laptop, and desktop chips. They are created to address the needs of specific markets. While the business processors have security measures built-in, others are meant to use complex video games. Its statement comes when the chip sector is facing supply chain issues due to the pandemic. One company that still suffers from the pandemic’s effects is one of Intel’s competitors, Nvidia.
According to Barrons, Intel is taking advantage of the fact that it is designing and making the chips in-house, “allocating the resources to ramp production of chips for its highly profitable data center division.”
Following the news, Intel stock price added 0.9%.
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.