Intel is preparing for Meteor Lake production to double this quarter, swelling its initial predictions that it will ship 40 million AI PCs this year. But there’s a catch: Intel is trying to build out more production capacity, as its assembly process is holding it back. Meanwhile, its next-next-gen chip, Panther Lake, is already in the fab.
Intel’s Client Computing Group, the home of its PC business, reported 30 percent growth as Intel reported a $400 million net loss on $12.7 billion of revenue during the first quarter of 2024. The bulk of Intel’s revenue still comes from Intel’s CCG, and the success of the business helped carry the company.
It’s an odd scenario for Intel to be in. Pat Gelsinger, Intel’s chief executive, said that the company is expecting Core Ultra (Meteor Lake) shipments to double in the second quarter, but that the actual revenue will be roughly the …