Intel, via Pat Gelsinger, is confident that the company will win back the market share lost to AMD. The company hopes for an upswing in 2023, even if Wall Street doesn’t quite believe these claims.
Intel believes it will begin to regain the market share lost to AMD this year
Intel recently announced its financial results for the last quarter, presenting some worrying numbers, but they are expected to improve in the coming years. In that regard, the company expects to begin regaining ground lost to AMD by 2023 and to fully regain leadership in the CPU segment by 2025.
“We have lost share, we have lost momentum. We expect that to stabilize this year,” CEO Pat Gelsinger said on a conference call with investors.
Via Reuters
Remember, we’re not just talking about the desktop processor segment, we’re also talking about the server market, and there Intel is having a harder time than ever competing against AMD’s EPYC, which is expected to gain market share over the next few years. AMD’s share of the server market is expected to rise to 30% this year alone.
Reuters commented as follows:
“I don’t think Intel is in a position to gain back share yet. For someone to go from 1% to 13% is remarkable. You can see from this that there is now a viable second competitor in the server processor market that is gaining momentum,” Rau said.
“Intel had high hopes that Sapphire Rapids would enable it to stand up to AMD,” said Lucas Keh, semiconductor analyst at Third Bridge. “However, our experts believe it’s been a disappointment so far because Intel still can’t deliver.”
“Intel’s turnaround is taking some time, complicated by the economy, but I think the plan is working,” said Glenn O’Donnell, an analyst at Forrester Research. “The company is offering new products and production is accelerating through agreements with other chipmakers to use Intel’s production capacity.
via Reuters
It remains to be seen if the company can regain the upper hand in the processor space under Pat Gelsinger’s leadership, but it certainly doesn’t lack confidence.