Intel says Tiger Lake notebook PC demand has doubled since April

Intel's profits and revenue decline, but the company still predicts a record 2020.

Credit: Intel

Intel continued its topsy-turvy 2020 by reporting stronger demand for its Tiger Lake CPUs than the company originally anticipated, even with an increase in its manufacturing capacity. However, the company’s profits and revenues declined.

Intel said that the company now expects 100 notebooks based upon the 11th-gen Tiger Lake processor will ship by the end of the year, with about 150 in all if 2021 is included. Those 100 Tiger Lake notebooks doubled Intel’s original April expectations, executives said. About 40 of those notebooks will be qualified under the new Evo brand, the evolution of the “Project Athena” program.

Intel also said that it now has three 10nm manufacturing fabs up and running, and that the company expected to ship 30 percent more chips at the 10nm manufacturing node than originally expected. 

“Tiger Lake is exceeding expectations,” George Davis, Intel’s chief financial officer, said.

Intel still recorded lower profits and revenue than a year ago. Third-quarter 2020 profits slid 29 percent to $4.3 billion, and revenue was down 4 percent to $18.3 billion. Intel executives had previously explained that they continued to expect higher profits and revenue in the first half of the year versus the second, consistent with the effects of the pandemic.

intel ccg revenue Q3 2020 Intel

“2020 has been the most challenging year in my career,” chief executive Bob Swan said during a conference call with analysts,

As consumers continued to work from home, notebook PC revenue soared, up 16 percent compared to a year ago. Desktop revenue fell by the same amount. In total, PC volumes climbed by 11 percent, and the company’s Client Computing Group revenue increased by just 1 percent to $9.8 billion.

Intel said that it had begun to ship its “DG2” discrete graphics chip for PCs, which coincides with Acer’s disclosure that the Swift 3x would include the chip. The company is also sampling Alder Lake, the next “hybrid” core that will succeed its Lakefield chip, for shipping in 2021, executives said.

Intel’s Data Center Group revenue fell by 7 percent to $5.9 billion. Cloud revenue increased 15 percent, but sales to the enterprise and government sector fell by a whopping 47 percent as the market began to “digest” recent purchases, Intel executives said.

Intel executives didn’t spend much time talking about SK Hynix, which said it intends to buy Intel’s flash and SSD business in a $9 billion deal that will take several years to complete. Davis described Intel's flash business as a “non-strategic asset” that Intel was selling to focus on more core opportunities ahead. 

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Mark Hachman

Mark Hachman

PC World (US online)
Show Comments

Cool Tech

Bang and Olufsen Beosound Stage - Dolby Atmos Soundbar

Learn more >

Toys for Boys

Sony WF-1000XM3 Wireless Noise Cancelling Headphones

Learn more >

ASUS ROG, ACRONYM partner for Special Edition Zephyrus G14

Learn more >

Nakamichi Delta 100 3-Way Hi Fi Speaker System

Learn more >

Family Friendly

Mario Kart Live: Home Circuit for Nintendo Switch

Learn more >

Philips Sonicare Diamond Clean 9000 Toothbrush

Learn more >

Stocking Stuffer

Teac 7 inch Swivel Screen Portable DVD Player

Learn more >

SunnyBunny Snowflakes 20 LED Solar Powered Fairy String

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?