Altera http://www.so-l.ru/tags/show/altera Sat, 28 Mar 2020 17:50:33 +0300 <![CDATA[Как я не готовился и провел роснановский семинар по ПЛИС-ам в Москве. Планы сделать то же в Лас-Вегасе и Зеленограде]]>
Московские коллеги на меня понадеялись, и теоретически я должен был бы привезти с собой пошаговые инструкции и примеры разнообразных упражнений на плате с микросхемой реконфигурируемой логики. Реально у меня была куча каких-то примеров для других плат, из которых я в суматохе перелетов и других мероприятий ничего не построил.

Поэтому я взял некий универсальный пример, который написал полтора года назад, сидя в самолете Алма-Ата — Астана, выкинул из примера все внутренности и начал со школьниками его наполнять, без жесткого плана чем. И как ни странно — это получилось. В процессе наполнения возникли поучительные моменты цифровой схемотехники и языка описания аппаратуры Verilog, которые при планировании бы не возникли.

4 июня я с коллегами по Wave Computing провожу похожий семинар в Лас-Вегасе, но только для взрослых, а 8-19 июля помогаю МИЭТ провести летнюю школу в Зеленограде. Планы этих мероприятий (не окончательные, а для обсуждения в группе преподавателей и инженеров, в том числе здесь, на Хабре) — в конце поста.


Читать дальше →]]>
http://www.so-l.ru/news/y/2019_05_22_kak_ya_ne_gotovilsya_i_provel_rosnanovskiy Wed, 22 May 2019 09:12:32 +0300
<![CDATA[Российские и украинские команды взяли верх над европейцами на европейском финале интеловского конкурса InnovateFPGA]]>
Студенты, которые сейчас делают проекты на ПЛИСах, через несколько лет будут делать массовые микросхемы для самоуправляемых автомобилей, ускорителей нейронных сетей, дополненной реальности и других приложений, в который обычный процессор не справляется. Именно поэтому Intel потратил 16.7 миллиардов долларов на покупку Altera и вход в рынок ПЛИС. А на днях Интел купил еще и компанию eASIC для дешевой конверсии дизайнов из ПЛИС в ASIC (в eASIC есть достаточно многочисленная российская команда).

Победа российских и украинских команд в интеловском конкурсе InnovateFPGA возникла не на пустом месте, а в результате работы конкретных людей в ЛЭТИ, ИТМО, КПИ и других местах, о которых уже были статьи на Хабре. Если продолжить эти начинания и расширить преподавание ПЛИС и языков описания аппаратуры во все технические вузы от Калининграда до Якутии, от Львова до Тбилиси и Астаны — то через пару десятилетий это может изменить расстановку сил в мировой электронной промышленности примерно так же, как работы Курчатова и Королева изменили расстановку сил в мировой атомной промышленности и освоении космоса.


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http://www.so-l.ru/news/y/2018_07_18_rossiyskie_i_ukrainskie_komandi_vzyali_ve Wed, 18 Jul 2018 09:47:06 +0300
<![CDATA[Использование произвольных DataFlash 25-й серии вместо дорогих конфигураторов FPGA Altera без дополнительной аппаратуры]]>
Подробности в длиннющем тексте ниже. Если же очень интересно, но лень читать так много букв, то можно упростить задачу, посмотрев подробное 20-минутное видео.

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http://www.so-l.ru/news/y/2018_04_03_ispolzovanie_proizvolnih_dataflash_25 Tue, 03 Apr 2018 11:01:01 +0300
<![CDATA[Преобразователи Time-To-Digital (TDC): что это такое и как они реализованы в FPGA]]>
На рисунке — первый в мире спутник квантовой связи «Мо-Цзы», который запустили из Китая в 2016 году, в нем летает TDC, реализованная в FPGA.

Объяснить своей девушке (или парню), что такое ADC и DAC, и в каких домашних приборах они используются, может каждый человек, называющий себя инженером. А вот что такое TDC, и почему у нас дома их нет, зачастую можно узнать только после свадьбы.

TDC — это time-to-digital converter. По-русски говоря: времяизмерительная система.

Основные потребители быстродействующих TDC — научные группы. Как правило, под определенный исследовательский проект требуется что-то очень специфическое. То каналов надо много, то разрешение очень высокое, то исполнение компактное. А уровень развития современных FPGA и их доступность как раз дают исследователям возможность экспериментировать с реализациями и подстраивать их под собственные нужды.

В этой хабрастатье приводится детальное описание простенькой времяизмерительной системы на FPGA Cyclone IV. Статья будет полезна не только для расширения кругозора, но и с методической точки зрения, поскольку реализация системы нетривиальная.
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http://www.so-l.ru/news/y/2018_03_29_preobrazovateli_time_to_digital_tdc_ch Thu, 29 Mar 2018 14:11:30 +0300
<![CDATA[О портировании проекта MIPSfpga]]>

Перенос программного обеспечения с одной компьютерной архитектуры на другую в принципе, с некоторыми оговорками, дело относительно простое. Здесь на помощь приходят такие общеизвестные инструменты, как autoconf / automake/ libtool / gnulib. Собрать программу из исходников на каком нибудь Raspberry/ARM бывает так же просто, как и на ПК с Ubuntu/x86-64.

А вот как заставить проект ПЛИС разработанный для одной платы работать на другой плате? Там и сама ПЛИС может быть другой и на плате совершенно другие компоненты могут стоять. Простой перекомпиляцией проекта не обойтись.

Расскажу о своем опыте портирования проекта MIPSfpga для платы Марсоход3 с ПЛИС MAX10 Intel. Статьи о проекте MIPSfpga неоднократно появлялись на хабре. Они были так интересны, что мне захотелось и самому попробовать этот проект в имеющейся у меня плате. В своей работе я опирался на хабровские статьи


И многие другие…

Итак, что нужно сделать, чтобы портировать проект ПЛИС на другую плату? Читать дальше →]]>
http://www.so-l.ru/news/y/2018_03_20_o_portirovanii_proekta_mipsfpga Tue, 20 Mar 2018 22:57:25 +0300
<![CDATA[Поглощение Broadcom будет невыгодно для Intel]]> http://www.so-l.ru/news/y/2018_03_12_pogloshenie_broadcom_budet_nevigodno_dlya Mon, 12 Mar 2018 20:30:28 +0300 <![CDATA[4 Likely Buyout Targets as Semiconductor Industry Consolidates]]> The Semiconductor industry is undergoing a massive consolidation wave. A huge number of mergers and acquisitions (M&A) worth hundreds of billion dollars have taken place over the last few years.

Consolidation is natural in a mature industry like semiconductor which is now more than 60 years old. This industry is currently plagued with two huge challenges, which include escalating costs of producing chips for devices and a sluggish growth rate.

With continued innovation over the decades, the size of chips has shrunk to that of a few atoms, while the costs of producing these have flared up. Moreover, escalating costs for designing, packaging and testing are becoming unaffordable for most companies, especially for the smaller firms.

Additionally, the industry has been countering a sluggish growth-rate challenge despite  big trends like Internet of Things (IoT) which is believed to add an extraordinary volume in sales of electronic devices. Over the last 15-20 years, the semiconductor industry has recorded growth at an annualized rate of less than 5%.

M&A is the Rescue

In such a turbulent environment, semiconductor companies need to be huge in order to compete effectively. Therefore, these companies have resorted to M&A in an effort to grab more market share, cut costs, boost productivity and improve investment returns through scale economies.

Over the last 24 months, the industry has witnessed more than 10 major mergers and acquisitions which have a combined worth of more than $100 billion, such as the buyout of Altera by Intel INTC and purchase of Broadcom AVGO by Avago, which retained the name of the acquired company.

The acquisition of Altera has helped Intel get a chip technology which the latter, otherwise, did not have i.e. field-programmable gate arrays (FPGAs). This technology has strengthened its server offerings which enjoy huge demand from data-center operators. Also, FPGAs are very useful in IoT implementation which is a big trend in the technology sector, at the moment.

Similarly, the Avago-Broadcom merger has made the current Broadcom the leading diversified communications semiconductor company in the world. This alliance has also resulted in annualized cost synergies of approximately $750 million — a perfect example of enhancing market share and improving economies of scale through M&A activity.

Industry Signaling a New Consolidation Wave

The last few months have been eventful for the industry in terms of M&A activities like buyout of Cavium by Marvell Technology and Microchip MCHP taking over Microsemi MSCC. The most interesting is Broadcom’s aggressive approach of buying QUALCOMM (QCOM) which, looking at the current scenario, seems to be turning out as a hostile takeover.

All the recent M&A events are hinting toward a new wave of consolidation in the semiconductor industry in the near future.

Grab this Emerging Opportunity

M&A announcements generally result in a massive surge of the targeted company’s share prices, thereby providing investors an opportunity to make huge money overnight. As the consolidation cycle for the semiconductor industry does not seem to end any time soon, it is wise to stay focused on stocks that can be a potential takeover target.

We, at Zacks, have searched four semiconductor stocks which might get an acquisition offer in few months’ time.

The first stock in our list is Cirrus Logic Inc. CRUS which is a specialist in making audio-chips. However, for the past few quarters this company has not been performing well due to its overdependence on a single customer — Apple Inc. — which accounts for more than 75% of its total revenues.

Apple’s latest iPhone X sales have remained below expectations, in turn hurting Cirrus Logic’s overall financial performance. Due to this, the company’s shares have plummeted in a year’s time. The stock is currently trading near its 52-week low and has lost 17.8% of its value over the past year. Also, the company is highly undervalued as it trades at a forward P/E multiple of 10.1x, which is a significant discount to the industry average of 14x.

We believe there is no such problem in the company’s business model. It is a good takeover target for companies which are specialized in providing hardware to smartphone makers like Qualcomm. Moreover, the cheap valuation makes it an attractive buyout opportunity.

Smart Global Holdings Inc. SGH, which is a leading provider of DRAM memory to the Brazil market, is another semiconductor company which looks like a potential takeover target. Although the company was founded 25 years back, it got listed in May 2017. The company’s last three quarterly results have been stellar, thanks to elevated demand as well as prices of DRAMs. According to various research reports, the prospects of DRAM memory chip makers will remain bright this year due to supply shortage.

Furthermore, although the stock has soared a whopping 182% in the last year, it is still undervalued given the fact that it currently trades at a forward P/E multiple of just 7.6x, significantly lower than the industry average of 14x. Moreover, the company has an expected long-term EPS growth rate of 15%, much higher than the industry average of 10.2%.

Marvell Technology Group Ltd. MRVL may also be another acquisition target as the company is a promising player in the solid state drive (SSD) controllers market. Over the coming years, we expect an increasing number of PCs/servers to use the flash-based solid state technology for storage. The storage market has been witnessing a steady increase in demand, given fast-growing data volume, especially the exponential growth in unstructured data.

Various research firms suggest NAND (non-volatile storage technology) demand will remain very strong in 2018 as well. This demand will also rise further and might even surpass the manufacturing capacity, leading to periodic shortage and higher pricing in the near term. Marvell has been benefiting from this growing demand for SSD products.

Further, although the stock has appreciated 47.9% in a year’s time, it is still undervalued given the fact that it currently trades at a forward P/E multiple of just 17.8x, significantly lower than its industry average of 24.9x. Moreover, the company has an expected long-term EPS growth rate of 16.3%, way higher than the industry average of 9.1%.

Another potential pick is MaxLinear, Inc. MXL, which is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The company recorded a 31% increase in its last quarter revenues which indicates that its increased investment toward sales and marketing are paying off. We believe although elevated expenses are hurting its near-term profitability, these will have long-term benefits.

The stock currently trades near to its 52-week low and has lost 9.8% of its value over the past year. Also, the company has a forward P/E multiple of 14.2x, which is almost in line with the industry average of 14x.

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Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
 
Broadcom Limited (AVGO): Free Stock Analysis Report
 
Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
Microchip Technology Incorporated (MCHP): Free Stock Analysis Report
 
Microsemi Corporation (MSCC): Free Stock Analysis Report
 
MaxLinear, Inc (MXL): Free Stock Analysis Report
 
SMART Global Holdings, Inc. (SGH): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_07_4_likely_buyout_targets_as_semiconductor Wed, 07 Mar 2018 16:39:00 +0300
<![CDATA[Why Is Intel Corp (INTC) Up 5.4% Since Its Last Earnings Report?]]> It has been about a month since the last earnings report for Intel Corporation INTC. Shares have added about 5.4% in the past month, outperforming the market.

Will the recent positive trend continue leading up to its next earnings release, or is INTC due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Recent Earnings

Intel reported fourth-quarter 2017 non-GAAP earnings of $1.08 per share, which beat the Zacks Consensus Estimate by 22 cents. The figure surged 36.7% from the year-ago quarter and 6.9% sequentially.

After adjusting for aone-time tax expense of $5.4 billion, as a result of the U.S. corporate tax reform, GAAP loss came in at 15 cents per share in the quarter.

The robust earnings growth was driven by better-than-expected top-line performance and operating margin expansion. Moreover, Intel Channel Alliance Program (ICAP) contributed 14 cents to quarterly earnings.

Revenues totaled $17.05 billion, reflecting an increase of 4.1% year over year and 5.6% quarter over quarter. The figure beat the Zacks Consensus Estimate of $16.31 billion. After adjusting for the McAfee (formerly Intel Security Group) transaction, revenues increased 8%.

The top-line growth came on the back of impressive results from Data Center Group (DCG), Internet-of-Things Group (IOTG), Non-Volatile Memory Solutions (NSG) and Programmable Solutions Group (PSG), which contributed almost 46.4% (up from 44% in the third-quarter) of the total revenues. These segments form the crux of Intel’s data-centric business, which increased 21% year over year in the fourth quarter.

2017 Results Were Impressive

Intel reported revenues of $62.76 billion, a lot better than the Zacks Consensus Estimate of $62.02 billion. After adjusting for McAfee, revenues increased 9% driven by 16% growth in data-centric business and 3% growth in PC-centric business.

Operating income increased 18% to $19.6 billion driven by strong execution across all the businesses and discipline spending.

Earnings surged 27.2% to $3.46 per share, which was also better than the Zacks Consensus Estimate of $3.25. ICAP contributed 35 cents to earnings, which management doesn’t believe will get repeated in 2018.

Fourth-Quarter Segment Revenue Details

Client Computing Group (52.5% of revenues) – Intel bundles PCs, notebooks, 2-in-1s, tablets, modem, home gateway products and set-top box components under the Client Computing Group (CCG) segment, which aids comparison with the PC market numbers provided by IDC and Gartner.

Revenues declined 1.9% on a year-over-year basis but increased 1.1% sequentially to $8.95 billion. Desktop revenues declined 8%, while notebook was almost flat. Modem and adjacencies (home gateway products and set-top box components) revenues increased 15% during the quarter.

On a year-over-year basis, desktop platform volumes declined 5%, while notebook platform volumes increased 5%. Average Selling Price (ASP) for desktop and notebook declined 2% and 5%, respectively.

DCG (32.7% of revenues) – Revenues increased 19.6% year over year and 14.4% sequentially to $5.58 billion. Platform volumes increased 10%, while platform ASP was up 8% on a year-over-year basis. Sequentially, platform volumes were up 3%, while ASP increased 12%.

Per Intel, cloud revenues advanced 35%, driven by robust volume growth and continued customer preference for higher performance products. Commercial service provider revenues grew 16% primarily due to strong adoption of IA-based solutions. Revenues from adjacencies surged 35% year over year.

Enterprise & Government was up 11%. Enterprise benefited from strong ASPs driven by continued customer transition to Xeon Scalable product. Apart from strong on-going demand for public clouds, the company also observed strength in on-premise and hybrid cloud build-outs.

During the quarter, Intel shipped its first customer unit of first generation Nervana Neural Network Processor.

Lately, the company’s Movidius vision processing has gained strong adoption. The processor was selected by Alphabet’s Google division to develop its AIY vision kit. Amazon.com is also using the processor in its DeepLens, the world's first deep learning enabled video camera for developers.

Darvas' recently announced deep sense product line combined core CPU, Intel FPGA-based network video recorders along with Movidius VPU-based cameras.

IOTG (5.2% of revenues) – Revenues jumped 21.1% from the year-ago quarter and 3.5% quarter over quarter to $879 million. The growth was backed by strength in retail, video and transportation applications.

NSG (5.2% of revenues) – Revenues increased 8.9% year over year but remained almost flat sequentially at $889 million. The year-over-year growth was driven by strong demand for data center FFT solution and demand signals outpacing supply.

PSG (3.3% of revenues) – The Altera business is now the Programmable Solutions Group, which jumped 35.2% from the year-ago quarter and 21.1% sequentially to $568 million. Strength in data center, automotive and embedded drove top-line growth.

During the quarter, Intel launched FPGA SDK for OpenCL solution. The company also expanded the features of the Stratix 10 product line that now includes the first SoC FPGA with an armed processor at more than 1 million logic elements and the industry's first FPGA with integrated HBM2 memory.

Intel also has a residual segment, which now includes results of operations from MobilEye, New Technology Group and other adjustments. The segment reported revenues of $181 million down 70.6% year over year and 10.4% sequentially.

Mobileye generated $128 million in revenues, increasing from $82 million delivered in the third-quarter 2017. The company has already launched 15 new programs in 2018. Intel currently has level two plus and level three design wins with 11 automakers that collectively represent more than 50% of global vehicle production.

During the quarter, Intel announced level through five autonomous driving platform based on EyeQ5 and Atom, which will sample over the next few months.

Operating Details

The gross margin for the quarter was 64.8%, which expanded 170 basis points (bps) on a year-over-year basis and 90 bps sequentially, better than management’s guidance.

Research & development (R&D) expenses and marketing, general & administrative (MG&A) expenses decreased 5.8% on a year-over-year basis but increased 7.3% sequentially to $5.12 billion, higher than management’s guided figure of $5.10 billion.

As percentage of revenues, R&D and MG&A declined 320 bps on a year-over-year basis but increased 50 bps sequentially in the quarter.

Intel stated that total spending declined 6% in the reported quarter.

The operating margin was 34.8%, up 490 bps year over year and 40 bps sequentially. Segment operating margin expanded 400 bps on a year-over-year basis and remained unchanged sequentially.

CCG operating margin was 36.4% compared with 38.6% in the year-ago quarter. The contraction was primarily attributed to higher costs related to 10 nm technology. Intel noted strength in the commercial gaming business. The company also believes that the worldwide PC supply chain is in a healthy state. On a sequential basis, CCG operating margin contracted 420 bps.

DCG operating margin was 53.6% up significantly from 40.3% delivered in the year-ago quarter. Operating margin was positively impacted by improving revenue scale and strength in ASP. Sequentially, segment margin expanded 740 bps.

IOTG operating margin was 29.6%, up from 25.1% in the year-ago quarter and 17.2% in the third-quarter 2017.

NSG reported profit of $31 million against a loss of $91 million in the year-ago quarter and $52 million in the previous quarter. Operating profit resulted from higher yields as well as declining cost per Gigabyte (GB).

PSG reported operating income of $156 million, up 95% year over year and 38.1% sequentially.

Balance Sheet & Tax Details

In fiscal 2017, Intel generated approximately $10.3 billion in free cash flow, paid dividends worth $5.1 billion and bought back shares worth $3.6 billion.

Intel funded a majority of the Mobileye acquisition from the sale of non-core assets including McAfee and the sale of ASML shares. The company sold 11.4 million of ASML shares in the fourth-quarter, which resulted in a gain of $1.5 billion.

The company also redeemed 1.6 billion in 2035 convertible debt reducing 59 million shares. The company also redeemed 425 million of all debt for cash that reduced leverage and interest expense. Intel also tendered higher coupon debt ($1.9 billion) for lower coupon debt ($2 billion).

Intel's fourth-quarter results reflect a higher GAAP income tax expense of $5.4 billion. The figure includes a one-time required tax adjustment on previously untaxed foreign earnings payable over eight years, which was partially offset by the re-measurement of deferred income taxes according to the new U.S. statutory tax rate.

Intel also raised its quarterly cash dividend payout by 10% annually.

Guidance

Intel guided first-quarter 2018 non-GAAP revenues of around $15 billion (+/-$500 million), up 5% year over year excluding McAfee.

Data-centric part of the business is projected to grow in the mid-teens range, while PC centric is expected to decline in low single digits.

Gross margin is expected to decline almost 3 percentage points and spending as a percent of revenues is expected to fall 3 points.

Non-GAAP operating margin is projected to be roughly 27%, while earnings are anticipated to be 70 cents (+/- 5 cents) per share, up 15% on a year-over-year basis.

For fiscal 2018, management expects revenues of almost $65 billion (+/- $1 billion), up 4% year over year excluding McAfee.

Data-centric part of the business is projected to grow in the mid-teens range, while PC centric is expected to decline in low single digits for fiscal 2018.

Gross margin is expected to decline 2-2.5 percentage points and spending as a percent of revenues are expected to decrease 1-1.5 points. The gross margin decline is primarily expected due to growth in the adjacent businesses and transition costs related to 10 nm technology partially offset by higher gross margin from 14 nm products.

Operating margin is projected to be roughly 30%. Earnings are anticipated to be $3.55 (+/- 5%) per share. The bottom-line is anticipated to be driven by strong top-line growth and lower tax rate of approximately 14% (a positive impact of 28 cents).

Management expects NSG to remain profitable in 2018.

Intel now expects the tax rate for 2018 to be approximately 14%. This will be because of lower U.S. statutory tax rate of 21%, lower tax on foreign income benefits of U.S. exporters and the continuation of the R&D credit.

Full-year capital expenditure is expected to be $14 billion (+/-$500 million). Net capital deployed, which is capital spending offset by expected prepaid supply agreements in Intel’s memory business, is projected to be $12 billion (+/-$500 million). Free cash flow is expected to be $13 billion (+/-$500 million).

Intel now expects to achieve total spending target of 30% of revenues “no later than” 2019, instead of its earlier projection of 2020.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in fresh estimates. There has been one revision higher for the current quarter, while looking back an additional 30 days, we can see even more upward momentum.

Intel Corporation Price and Consensus

 

Intel Corporation Price and Consensus | Intel Corporation Quote

 

VGM Scores

At this time, INTC has a nice Growth Score of B, though it is lagging a lot on the momentum front with a D. However, the stock was also allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Zacks' style scores indicate that the company's stock is suitable for value and growth investors.

Outlook

Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise INTC has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.


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Intel Corporation (INTC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_02_26_why_is_intel_corp_intc_up_5_4_since_i Mon, 26 Feb 2018 11:19:00 +0300
<![CDATA[Intel (INTC) Beats on Q4 Earnings & Revenues, View Positive]]> Intel Corp. INTC reported fourth-quarter 2017 non-GAAP earnings of $1.08 per share, which beat the Zacks Consensus Estimate by 22 cents. The figure surged 36.7% from the year-ago quarter and 6.9% sequentially.

After adjusting for aone-time tax expense of $5.4 billion, as a result of the U.S. corporate tax reform, GAAP loss came in at 15 cents per share in the quarter.

The robust earnings growth was driven by better-than-expected top-line performance and operating margin expansion. Moreover, Intel Channel Alliance Program (ICAP) contributed 14 cents to quarterly earnings.

Revenues totaled $17.05 billion, reflecting an increase of 4.1% year over year and 5.6% quarter over quarter. The figure beat the Zacks Consensus Estimate of $16.31 billion. After adjusting for the McAfee (formerly Intel Security Group) transaction, revenues increased 8%.

The top-line growth came on the back of impressive results from Data Center Group (DCG), Internet-of-Things Group (IOTG), Non-Volatile Memory Solutions (NSG) and Programmable Solutions Group (PSG), which contributed almost 46.4% (up from 44% in the third-quarter) of the total revenues. These segments form the crux of Intel’s data-centric business, which increased 21% year over year in the fourth quarter.

Shares were up more than 3.7% in after-hour trading.

2017 Results Were Impressive

Intel reported revenues of $62.76 billion, a lot better than the Zacks Consensus Estimate of $62.02 billion. After adjusting for McAfee, revenues increased 9% driven by 16% growth in data-centric business and 3% growth in PC-centric business.

Operating income increased 18% to $19.6 billion driven by strong execution across all the businesses and discipline spending.

Earnings surged 27.2% to $3.46 per share, which was also better than the Zacks Consensus Estimate of $3.25. ICAP contributed 35 cents to earnings, which management doesn’t believe will get repeated in 2018.

Intel Corporation Price, Consensus and EPS Surprise

Fourth-Quarter Segment Revenue Details

Client Computing Group (52.5% of revenues) – Intel bundles PCs, notebooks, 2-in-1s, tablets, modem, home gateway products and set-top box components under the Client Computing Group (CCG) segment, which aids comparison with the PC market numbers provided by IDC and Gartner.

Revenues declined 1.9% on a year-over-year basis but increased 1.1% sequentially to $8.95 billion. Desktop revenues declined 8%, while notebook was almost flat. Modem and adjacencies (home gateway products and set-top box components) revenues increased 15% during the quarter.

On a year-over-year basis, desktop platform volumes declined 5%, while notebook platform volumes increased 5%. Average Selling Price (ASP) for desktop and notebook declined 2% and 5%, respectively.

DCG (32.7% of revenues) – Revenues increased 19.6% year over year and 14.4% sequentially to $5.58 billion. Platform volumes increased 10%, while platform ASP was up 8% on a year-over-year basis. Sequentially, platform volumes were up 3%, while ASP increased 12%.

Per Intel, cloud revenues advanced 35%, driven by robust volume growth and continued customer preference for higher performance products. Commercial service provider revenues grew 16% primarily due to strong adoption of IA-based solutions. Revenues from adjacencies surged 35% year over year.

Enterprise & Government was up 11%. Enterprise benefited from strong ASPs driven by continued customer transition to Xeon Scalable product. Apart from strong on-going demand for public clouds, the company also observed strength in on-premise and hybrid cloud build-outs.

During the quarter, Intel shipped its first customer unit of first generation Nervana Neural Network Processor.

Lately, the company’s Movidius vision processing has gained strong adoption. The processor was selected by Alphabet’s GOOGL Google division to develop its AIY vision kit. Amazon.com AMZN is also using the processor in its DeepLens, the world's first deep learning enabled video camera for developers.

Darvas' recently announced deep sense product line combined core CPU, Intel FPGA-based network video recorders along with Movidius VPU-based cameras.

IOTG (5.2% of revenues) – Revenues jumped 21.1% from the year-ago quarter and 3.5% quarter over quarter to $879 million. The growth was backed by strength in retail, video and transportation applications.

NSG (5.2% of revenues) – Revenues increased 8.9% year over year but remained almost flat sequentially at $889 million. The year-over-year growth was driven by strong demand for data center FFT solution and demand signals outpacing supply.

PSG (3.3% of revenues) – The Altera business is now the Programmable Solutions Group, which jumped 35.2% from the year-ago quarter and 21.1% sequentially to $568 million. Strength in data center, automotive and embedded drove top-line growth.

During the quarter, Intel launched FPGA SDK for OpenCL solution. The company also expanded the features of the Stratix 10 product line that now includes the first SoC FPGA with an armed processor at more than 1 million logic elements and the industry's first FPGA with integrated HBM2 memory.

Intel also has a residual segment, which now includes results of operations from MobilEye, New Technology Group and other adjustments. The segment reported revenues of $181 million down 70.6% year over year and 10.4% sequentially.

Mobileye generated $128 million in revenues, increasing from $82 million delivered in the third-quarter 2017. The company has already launched 15 new programs in 2018. Intel currently has level two plus and level three design wins with 11 automakers that collectively represent more than 50% of global vehicle production.

During the quarter, Intel announced level through five autonomous driving platform based on EyeQ5 and Atom, which will sample over the next few months.

Operating Details

The gross margin for the quarter was 64.8%, which expanded 170 basis points (bps) on a year-over-year basis and 90 bps sequentially, better than management’s guidance.

Research & development (R&D) expenses and marketing, general & administrative (MG&A) expenses decreased 5.8% on a year-over-year basis but increased 7.3% sequentially to $5.12 billion, higher than management’s guided figure of $5.10 billion.

As percentage of revenues, R&D and MG&A declined 320 bps on a year-over-year basis but increased 50 bps sequentially in the quarter.

Intel stated that total spending declined 6% in the reported quarter.

The operating margin was 34.8%, up 490 bps year over year and 40 bps sequentially. Segment operating margin expanded 400 bps on a year-over-year basis and remained unchanged sequentially.

CCG operating margin was 36.4% compared with 38.6% in the year-ago quarter. The contraction was primarily attributed to higher costs related to 10 nm technology. Intel noted strength in the commercial gaming business. The company also believes that the worldwide PC supply chain is in a healthy state. On a sequential basis, CCG operating margin contracted 420 bps.

DCG operating margin was 53.6% up significantly from 40.3% delivered in the year-ago quarter. Operating margin was positively impacted by improving revenue scale and strength in ASP. Sequentially, segment margin expanded 740 bps.

IOTG operating margin was 29.6%, up from 25.1% in the year-ago quarter and 17.2% in the third-quarter 2017.

NSG reported profit of $31 million against a loss of $91 million in the year-ago quarter and $52 million in the previous quarter. Operating profit resulted from higher yields as well as declining cost per Gigabyte (GB).

PSG reported operating income of $156 million, up 95% year over year and 38.1% sequentially.

Balance Sheet & Tax Details

In fiscal 2017, Intel generated approximately $10.3 billion in free cash flow, paid dividends worth $5.1 billion and bought back shares worth $3.6 billion.

Intel funded a majority of the Mobileye acquisition from the sale of non-core assets including McAfee and the sale of ASML shares. The company sold 11.4 million of ASML shares in the fourth-quarter, which resulted in a gain of $1.5 billion.

The company also redeemed 1.6 billion in 2035 convertible debt reducing 59 million shares. The company also redeemed 425 million of all debt for cash that reduced leverage and interest expense. Intel also tendered higher coupon debt ($1.9 billion) for lower coupon debt ($2 billion).

Intel's fourth-quarter results reflect a higher GAAP income tax expense of $5.4 billion. The figure includes a one-time required tax adjustment on previously untaxed foreign earnings payable over eight years, which was partially offset by the re-measurement of deferred income taxes according to the new U.S. statutory tax rate.

Intel also raised its quarterly cash dividend payout by 10% annually.

Guidance

Intel guided first-quarter 2018 non-GAAP revenues of around $15 billion (+/-$500 million), up 5% year over year excluding McAfee. The Zacks Consensus Estimate for revenues is currently pegged $15.05 billion.

Data-centric part of the business is projected to grow in the mid-teens range, while PC centric is expected to decline in low single digits.

Gross margin is expected to decline almost 3 percentage points and spending as a percent of revenues is expected to fall 3 points.

Non-GAAP operating margin is projected to be roughly 27%, while earnings are anticipated to be 70 cents (+/- 5 cents) per share, up 15% on a year-over-year basis. The Zacks Consensus Estimate is currently pegged at 73 cents.

For fiscal 2018, management expects revenues of almost $65 billion (+/- $1 billion), up 4% year over year excluding McAfee, and better than the Zacks Consensus Estimate of $63.68 billion.

Data-centric part of the business is projected to grow in the mid-teens range, while PC centric is expected to decline in low single digits for fiscal 2018.

Gross margin is expected to decline 2-2.5 percentage points and spending as a percent of revenues are expected to decrease 1-1.5 points. The gross margin decline is primarily expected due to growth in the adjacent businesses and transition costs related to 10 nm technology partially offset by higher gross margin from 14 nm products.

Operating margin is projected to be roughly 30%. Earnings are anticipated to be $3.55 (+/- 5%) per share, better than the Zacks Consensus Estimate of $3.30. The bottom-line is anticipated to be driven by strong top-line growth and lower tax rate of approximately 14% (a positive impact of 28 cents).

Management expects NSG to remain profitable in 2018.

Intel now expects the tax rate for 2018 to be approximately 14%. This will be because of lower U.S. statutory tax rate of 21%, lower tax on foreign income benefits of U.S. exporters and the continuation of the R&D credit.

Full-year capital expenditure is expected to be $14 billion (+/-$500 million). Net capital deployed, which is capital spending offset by expected prepaid supply agreements in Intel’s memory business, is projected to be $12 billion (+/-$500 million). Free cash flow is expected to be $13 billion (+/-$500 million).

Intel now expects to achieve total spending target of 30% of revenues “no later than” 2019, instead of its earlier projection of 2020.

Zacks Rank & Key Pick

Intel carries a Zacks Rank #2 (Buy).

Micron Technology MU with a Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader technology sector. You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Micron is currently pegged at 10%.

Wall Street’s Next Amazon

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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_01_26_intel_intc_beats_on_q4_earnings_reve Fri, 26 Jan 2018 16:26:00 +0300
<![CDATA[Intel Q4 Earnings: IoT, NAND & FPGAs Solutions in Spotlight]]> Intel Corp.’s INTC initiatives in the Internet of Things (IoT), Non-Volatile Memory Solutions and Programmable Solutions Group along with cloud computing is lowering dependence on the PC market. These rapidly-growing market segments present significant prospects for the semiconductor giant in the near future. The company is set to report fourth-quarter 2017 results on Jan 25.

Intel Corporation Price and EPS Surprise

Click here to know how the company’s overall Q4 performance is expected to be.

Segments to Aid Intel’s Growth

Internet of Things Group (5.3% of revenues) — Revenues jumped 23.2% from the year-ago quarter and 17.9% quarter over quarter to $849 million. Growth can be attributed to strength in industrial, retail and video applications.

Intel closed the acquisition of Israel-based Mobileye, an autonomous vehicle technology provider. The deal will help the company to penetrate the $70-billion autonomous driving systems, data and services market.

At CES event, the company announced few important partnerships — with BMW, Nissan, Volkswagen AG, and Ferrari — which show Intel’s growing dominance in providing AI platforms which will power future vehicles.

It will also leverage Intel’s Mobileye-based mapping technology for improving self-driving cars navigation process.

Intel also joined forces with SAIC Motor and NavInfo to extend crowdsourced map building to China. SAIC Motor will build cars of Level 3, 4, and 5. These vehicles will be powered by Mobileye technology, which means it will be able to handle most driving situations itself.

The Zacks Consensus Estimate for the Internet of Things Group segment is currently pegged at $859 million.

Non-Volatile Memory Solutions Group (5.5% of revenues) — Revenues jumped 37.3% year over year and 1.9% sequentially to $891 million. Fab 68, Intel’s Dalian factory, continued to beat both ramp rate and yield goal. The factory accounted for more than half of the company’s supply in the quarter where more than 70% of the total bits were 3D NAND.

Recently, Intel and Micron have announced a mutual agreement to work separately in order to complete development of its third generation of 3D NAND technology. Intel and Micron will jointly develop the 3D XPoint at the Intel-Micron Flash Technologies (“IMFT”). The product, is expected to sample this year, and could enter production as early as 2019 at their joint facility in Lehigh, UT.

The Zacks Consensus Estimate for the Non-Volatile Memory Solutions Group is currently pegged at $938 million.

Programmable Solutions Group (2.9% of revenues) — The Altera business is now the Programmable Solutions Group, which increased 10.4% from the year-ago quarter and 6.6% sequentially to $469 million. Strength in advanced products, data center, automotive and military drove top-line growth.

Notably, Microsoft is deploying Intel FPGAs to develop the industry's fastest public cloud network and acceleration of deep neural networks. The company had announced that it would use Intel’s 14-nm Stratix 10 FPGAs for its accelerated deep-learning platform (Project Brainwave).

Chinese e-commerce giant Alibaba also selected Intel FPGA’s in its Cloud. Moreover, Audi is using Intel’s Cyclone V SoC FPGA technology for the Level 3 autonomous driving system in its upcoming A8.

The Zacks Consensus Estimate for the Programmable Solutions Group is currently pegged at $475 million.

Zacks Rank and Stocks to Consider

Intel carries a Zacks Rank #3 (Hold).

NVIDIA Corporation NVDA, Western Digital Corporation WDC and Analog Devices, Inc. ADI are some better-ranked stocks in the same sector. All the three companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

NVIDIA, Western Digital and Analog Devices have a long-term earnings growth rate of 10.3%, 25.1% and 10.4%, respectively.

The Hottest Tech Mega-Trend of All        

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
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Intel Corporation (INTC): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Analog Devices, Inc. (ADI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2018_01_24_intel_q4_earnings_iot_nand_fpgas_sol Wed, 24 Jan 2018 15:32:00 +0300
<![CDATA["Um alerta para o mundo" - Secretário-geral da ONU, António Guterres, mensagem de vídeo de 2018]]> http://www.so-l.ru/news/y/2017_12_31_um_alerta_para_o_mundo_secret_rio_ge Sun, 31 Dec 2017 13:00:03 +0300 <![CDATA[Фонд бывшего председателя совета директоров «Аэрофлота» увеличил долю в Group-IB до 25%]]> «У фонда уже 25% «, - сказал он. Андросов отметил, что решение о дальнейшем увеличении пакета фонда в Group-IB зависит от...]]> http://www.so-l.ru/news/y/2017_12_18_fond_bivshego_predsedatelya_soveta_direkto Mon, 18 Dec 2017 22:17:21 +0300 <![CDATA[Сетевой JTAG программатор для Altera Quartus Prime из Raspberry Pi3]]>
Выпущено программное обеспечение, которое позволяет сделать из Raspberry Pi3 сетевой JTAG программатор для САПР Altera Quartus Prime. Это решение позволяет удаленно загружать FPGA Altera/Intel и даже вести удаленную отладку с помощью инструмента SignalTap. Далее расскажу,
как использовать это ПО.
Читать дальше →]]>
http://www.so-l.ru/news/y/2017_11_29_setevoy_jtag_programmator_dlya_altera_qua Wed, 29 Nov 2017 22:33:58 +0300
<![CDATA[От песка к компьютеру. Часть 1. Атомы и транзисторы]]> Все мы еще с уроков информатики знаем, что информация внутри компьютера передаётся при помощи нулей и единиц, но оказалось, что большинство айтишников, с которыми я общаюсь (и довольно хороших!) слабо представляют, как же, все-таки, устроен компьютер.

Как заставить песок делать то, чего мы от него хотим?

Для большинства людей познания устройства компьютера оканчиваются на уровне его составных элементов — процессор, видеокарта, оперативная память… Но что именно происходит внутри этих чёрных прямоугольничков после подачи питания — магия. В этой статье (скорей всего, даже серии статей) я постараюсь простым языком объяснить, как же устроены эти таинственные прямоугольнички.
Читать дальше →]]>
http://www.so-l.ru/news/y/2017_11_23_ot_peska_k_kompyuteru_chast_1_atomi_i Thu, 23 Nov 2017 13:58:12 +0300
<![CDATA[Intel объединяется с AMD]]> http://www.so-l.ru/news/y/2017_11_07_intel_obedinyaetsya_s_amd Tue, 07 Nov 2017 08:25:01 +0300 <![CDATA[Intel объединяется с AMD]]>

Кто «помнит себя» на заре компьютерного рынка конечно же в курсе главной дилеммы того времени: AMD или Intel. Сколько копий было сломано ! Вечные противостояния двух лагерей. Один брал ценой, другой надежностью и брендом. Примерно у половины были процессоры AMD, а у другой Intel. Сейчас даже не знаю есть ли такое противостояние - я давно беру только Intel

Пару лет назад мы обсуждали статью Intel против AMD: развязка близка в которой говорилось о том, что Microsoft сделала AMD предложение о покупке.

Все тогда удивлялись и гадали что будет, но никто не мог подумать о том, что произойдет это!

Конкурирующие компании AMD и Intel объединились для создания принципиально новых процессоров семейства Intel Core с графикой AMD Radeon. Данный гибрид, собирающий в едином процессорном модуле CPU компании Intel, GPU компании AMD и графическую память HBM2, по мнению его создателей, должен оказаться отличным вариантом для производительных игровых ноутбуков, которые теперь смогут стать намного тоньше и легче.

Комбинированный чип AMD-Intel станет очередной ступенью в эволюции H-серии мобильных процессоров Intel Core. Сегодняшние чипы Core H-серии имеют типичное тепловыделение 45 Вт, базируются на дизайне Kaby Lake и комплектуются интегрированным видеоускорителем GT2. С появлением Core с графикой Radeon они, очевидно, получат гораздо более продвинутые графические возможности, что позволит использовать их в игровых портативных компьютерах без дополнительных дискретных графических ускорителей. При этом обещается, что перспективные комбинированные процессоры, составленные из компонентов AMD и Intel, будут работать в системе как привычные монолитные решения с интегрированной графикой: например, они смогут поддерживать все необходимые энергосберегающие функции. Появление новинок на рынке планируется в первом квартале 2018 года.





Хотя в разработке комбинированного Core с графикой Radeon принимали участие сразу две компании, этот процессор представляется как продукт компании Intel, которая играла в разработке ведущую роль и обратилась к AMD лишь за графической частью. AMD в свою очередь говорит о том, что Radeon, сделанный для Intel, — специальный проект, подобный чипам, которые она разрабатывает для производителей игровых приставок. Впрочем, подробности реализации Core с графикой Radeon пока остаются нераскрытыми. Хотя Intel и говорит о перспективном продукте как о монолитном процессоре, в конечном итоге глубина интеграции составных частей непонятна: Core-Radeon может оказаться лишь продвинутой сборкой из нескольких чипов, совмещённых на одной подложке.

Тем не менее, определённое ноу-хау в Core-Radeon всё же есть. Как сообщается, основой представленного решения выступают специализированные кремниевые мосты EMIB (Embedded Multi-Die Interconnect Bridge). Такие полупроводниковые кристаллы, представленные Intel в начале этого года, применяются для высокоскоростного соединения нескольких чипов, смонтированных на единой подложке. Основная идея состоит в том, что благодаря интеграции полупроводниковых мостов EMIB на поверхности подложки из текстолита, они обеспечивают высокую скорость и хорошую эффективность межчиповых соединений. В результате получается то, что Intel называет System-in-Package-модулем. В случае процессора Core с графикой Radeon технология EMIB позволила собрать воедино сразу три разнородных компонента: собственно процессор Core, графическое ядро Radeon и высокоскоростную графическую память HBM2.

Использование общей полупроводниковой подложки для соединения нескольких чипов, как это делает в своих флагманских графических ускорителях компания AMD, — дорогостоящее решение, которое не давало шансов сделать действительно массовый процессор. Технология EMIB в этом плане гораздо выгоднее: она предлагает использовать полупроводниковые соединения по островному принципу подобно небольшим погруженным в текстолит разъёмам, к которым подключаются чипы, размещённые на подложке. Хотя технология EMIB уже используется в программируемых матрицах Intel Altera, процессоры Core c графикой Radeon станут первым на рынке потребительским решением, где будет применяться такой подход.





Изначально мосты EMIB разрабатывались для того, чтобы соединять между собой чипы, выполненные по разным техпроцессам. Однако в данном случае технология пригодилась благодаря своей способности объединить несколько очень сложных полупроводниковых кристаллов, нуждающихся в огромном числе взаимных соединений. В результате, инженерам Intel удалось одержать победы сразу по двум направлением. Во-первых, итоговый модуль Core-Radeon получился очень компактным, поскольку на небольшой площади объединил сразу CPU, GPU и видеопамять, ранее занимавшие значительное пространство на материнской плате ноутбука. Во-вторых, огромный выигрыш был достигнут и по энергопотреблению подобного решения.

Любопытно, что программную поддержку процессоров Core c графикой Radeon компания Intel планирует осуществлять самостоятельно. С одной стороны, это позволит инженерам компании запрограммировать правильный баланс в энергопотреблении и температурном режиме отдельных частей комбинированного решения. С другой, Intel придётся самостоятельно заниматься сборкой драйверов для графического ядра AMD Radeon, хотя вполне возможно, что базовые компоненты для них будет предоставлять AMD.
К сожалению, сегодняшний анонс имеет исключительно поверхностный характер, не содержит никаких технических деталей и оставляет массу вопросов. Пока компании не стали сообщать никакие конкретные характеристики процессоров Core c графикой Radeon – ни частот, ни числа ядер, ни объёмов HBM2-памяти. Мы даже не знаем, на каком дизайне будут базироваться вычислительные (Coffee Lake?) и графические (Vega?) ядра, и не знаем, как логически они будут соединены (Infinity Fabric?).

Как пояснил Крис Уокер (Chris Walker), вице-президент подразделения Intel Client Computing Group, выпуском процессоров Core c графикой Radeon компания Intel собирается решить проблему с отсутствием на рынке тонких и лёгких игровых ноутбуков с высокой производительностью. Но будущие ноутбуки на базе процессоров Core c графикой Radeon не будут относиться к числу дешёвых. Их стоимость может начинаться лишь с отметки в $1200, что означает, что Core-Radeon, по всей видимости, не станут прямо конкурировать с гибридными процессорами AMD Raven Ridge, нацеленными на более низкий рыночный сегмент. Кроме того, представители Intel уточнили, что выход процессоров Core-Radeon позволит создавать портативные компьютеры с толщиной 16 мм или даже 11 мм при том, что по производительности они будут сопоставимы с сегодняшними геймерскими ноутбуками толщиной 26 мм.

Таким образом, главное в произошедшем анонсе это то, что слухи подтвердились: процессор Intel с графикой AMD действительно существует, и скоро мы сможем увидеть его в конечных продуктах. Но это не означает, что Intel планирует отказаться от развития своих собственных графических ядер, как и не означает того, что AMD может продать своё графическое подразделение микропроцессорному гиганту. В данном случае мы видим лишь пример дружбы конкурентов против третьего игрока, когда антагонисты могут садиться за стол переговоров и достигать соглашений в том случае, когда это выгодно обеим сторонам.

источники
https://www.intel.ru/content/www/ru/ru/homepage.html
https://3dnews.ru/961122/


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http://www.so-l.ru/news/y/2017_11_06_intel_obedinyaetsya_s_amd Mon, 06 Nov 2017 22:00:04 +0300
<![CDATA[За главного производителя смартфонных процессоров предложили $130 миллиардов]]> http://www.so-l.ru/news/y/2017_11_06_oko_planeti_za_glavnogo_pro Mon, 06 Nov 2017 17:29:36 +0300 <![CDATA[За главного производителя смартфонных процессоров предложили $130 миллиардов]]> http://www.so-l.ru/news/y/2017_11_06_za_glavnogo_proizvoditelya_smartfonnih_pr Mon, 06 Nov 2017 17:15:00 +0300 <![CDATA[Патентная война в разгаре: Apple решила отказаться от чипов Qualcomm]]> Apple готовит новый ход в патентной войне с Qualcomm, которая длится с начала 2017 года. Она планирует отказаться от модемов американского производителя в моделях своих устройств следующего года. Об этом сообщает Reuters со ссылкой на два источника, знакомых с вопросом.

  • Apple, по данным агентства, разрабатывает iPhone и iPad, которые не будут включать какие-либо компоненты Qualcomm. Вместо сотрудничества с давним партнером Apple может выбрать работу с Intel и, возможно, с MediaTek для производства своих модемных чипов. Изменения затронут устройства, выпуск которых запланирован на осень 2018 года.
  • Новый спор двух компаний связан с изменением механизмов поставок, в рамках которого Qualcomm прекратила поставлять Apple часть программных продуктов для критического тестирования своих чипов, предназначенных для iPhone, говорит источник агентства.
  • Qualcomm заявила агентству, что поставляет чипы Apple для iPhone, которые соответствуют всем необходимым требованиям. «Мы поддерживаем новые устройства Apple в той же степени, в которой поддерживаем и остальных наших партнеров в отрасли», — говорится в заявлении компании.
  • Хотя Qualcomm в течение нескольких лет поставляла модемы Apple, которые помогают смартфонам подключаться к беспроводным сетям передачи данных, в последние годы корпорация Intel поставила более половины модемных чипов Apple для iPhone, говорят аналитики, опрошенные агентством. В 2015 году Intel купила также производителя чипов Altera за $16,7 млрд, что позволит ей производить еще больше устройств для партнеров.
  • В январе 2017 года Apple подала иск в $1 млрд к Qualcomm за то, что эта компания, по мнению технологического гиганта, завышала цены на свои патенты, не давала Apple выбрать другого поставщика и отменила скидки. В начале октября 2017 года Qualcomm также подала иск против Apple в Китае, пытаясь заблокировать производство и продажу iPhone в этой стране. Таким образом, планы Apple могут стать еще одним значительным ударом по отношениям между компаниями.

Почему это важно для Apple и для производителей чипов?

Это сообщение появилось в критический момент для Qualcomm, которая на этой неделе объявит свои финансовые результаты за третий квартал и столкнется с очередными вопросами относительно собственного будущего без Apple. В течение года акции Qualcomm упали более чем на 15%, хотя чипы компании используют и другие компании на своих устройствах, например, Google в новом смартфон Pixel.

Согласно исследованию Strategy Analytics, в первой половине этого года объем мирового рынка процессоров для смартфонов сократился на 5% к предыдущему году, до $9,4 млрд. В число ведущих производителей чипов, исходя из полученной выручки, вошли Qualcomm, MediaTek, Apple, Samsung LSI и Spreadtrum. Лидерство с долей в 42% на рынке по-прежнему удерживает Qualcomm. В исследовании указывалось, что уверенное расширение подконтрольной доли компании подкрепляется стабильным спросом на флагманский 64-битный Snapdragon 835 с интегрированным гигабитным LTE-модемом, а также растущим интересом к серии Snapdragon 600.

Идущие следом в списке Apple и MediaTek контролируют по 18% рынка каждая. В целом, согласно оценкам аналитиков, поставки 64-битных процессоров выросли в первом полугодии на 24% к аналогичному периоду 2016 года и удерживают не менее 86% общих поставок. 

В то же время, по словам информаторов агентства, до выхода новых смартфонов и планшетов Apple еще много времени, за которое планы компании в отношении Qualcomm могут поменяться. Окончательное решение о судьбе модемов Qualcomm может быть принято и вовсе за три месяца до выхода новых смартфонов американского производителя. Тем не менее, если Apple решит стоять на своем, ей, вероятно, придется искать дополнительного поставщика чипов или наращивать собственное производство. Аналитики не исключают, что компания под руководством Тима Кука может последовать примеру Samsung, которая пару лет назад отказалась от сотрудничества с Qualcomm, в последний момент объявив, что будет использовать только процессоры собственного изготовления. Причиной стало то, что Samsung в процессе проведения внутренних тестов выявила чрезмерный нагрев процессора Qualcomm Snapdragon 810.

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http://www.so-l.ru/news/y/2017_10_31_patentnaya_voyna_v_razgare_apple_reshila Tue, 31 Oct 2017 12:42:14 +0300
<![CDATA[Intel (INTC) Q3 Earnings Top on Robust Data-Centric Growth]]> Intel Corp. INTC reported third-quarter 2017 non-GAAP earnings of $1.01 per share, which beat the Zacks Consensus Estimate by 21 cents. The figure surged 26.3% from the year-ago quarter and 40.3% sequentially.

The strong earnings growth was driven by better-than-expected top-line performance and operating margin expansion. Moreover, Intel Channel Alliance Program (ICAP) contributed 13 cents to quarterly earnings.

Revenues totaled$16.15 billion, up 2.4% year over year and 9.4% quarter over quarter. The figure beat the Zacks Consensus Estimate of $15.71 billion. After adjusting for the McAfee (formerly Intel Security Group) transaction, revenues grew 6%.

The top-line growth came on the back of impressive results from the Data Center Group, Internet-of-Things Group, Non-Volatile Memory Solutions and Programmable Solutions Group, which contributed almost 44% of total revenues. These segments form the crux of Intel’s data-centric business model.

Intel revised its 2017 outlook based on double-digit growth expectation from data-centric businesses. Further, anticipated improvement in cost structure and lower spending, primarily due to improving operational efficiency will aid in expansion of margins.

Shares were up more than 2% in after-hours trading. Intel’s stock has returned 14.3% year to date, substantially underperforming the 34.3% rally of the industry.

Segment Revenue Details

Client Computing Group (54.9% of revenues) – Intel bundles PCs, notebooks, 2-in-1s, tablets and other computing devices under the Client segment, which aids comparison with the PC market numbers provided by IDC and Gartner.

Revenues remained almost flat on a year-over-year basis but increased 7.9% sequentially to $8.86 billion. The flat year-over-year perpermance reflected declining PC total addressable market (TAM).

The company launched the new 8th Generation Core processor (Coffee Lake), which includes Intel’s first six-core desktop central processing unit (CPU). Management claims Coffee Lake to be its best gaming processor to date, with up to 50% better performance than competitive offerings in the market.

Intel stated that it remains on track to ship first low-volume 10-nanometer (nm) part by the end of this year. Initial ramp is scheduled for the first half of 2018, while both high volume and system are anticipated to be available in the second half of 2018.

During the quarter, Intel shipped its first modem in the auto industry. Modem revenues surged 37% on a year-over-year basis.

On a year-over-year basis, platform volumes decreased 7%, while platform average selling price (ASP) was up 7%. Desktop platform volumes were down 6%, while Notebook platform volumes were up 1%.

Data Center Group (30.2% of revenues) – Revenues increased 7.4% year over year and 11.6% sequentially to $4.88 billion. Platform volumes increased 4%, while platform ASP was up 2% on a year-over-year basis. Sequentially, platform volumes were up 10%.

Per Intel, the cloud service provider revenues advanced 24%. Enterprise & Government was down 6%. Commercial service provider revenues grew 9%. Cloud and Commercial service provider comprise nearly 60% of DCG's revenues.

The company shipped Xeon Scalable (formerly known as Skylake) to more than 200 original equipment manufacturer (OEM) systems in the quarter.

Internet of Things Group (5.3% of revenues) – Revenues jumped 23.2% from the year-ago quarter and 17.9% quarter over quarter to $849 million. The growth was backed by strength in industrial, retail and video applications.

Intel closed the acquisition of Israel-based Mobileye, an autonomous vehicle technology provider, during the quarter. The deal will help the company to penetrate the $70-billion autonomous driving systems, data and services market.

Management noted that in 2017, Mobileye has won 14 Advanced Driver Assistance Systems (ADAS) designs across 14 automakers, much better than the 12 wins the company recorded in full-year 2016.

The company has been a supplier to Alphabet’s Waymo self-driving car unit, which it revealed during the quarter. Intel has also formed Automotive Edge Computing Consortium in the quarter.

Non-Volatile Memory Solutions Group (5.5% of revenues) – Revenues jumped 37.3% year over year and 1.9% sequentially to $891 million. Fab 68, Intel’s Dalian factory, continued to beat both ramp rate and yield goal. The factory accounted for more than half of the company’s supply in the quarter where more than 70% of the total bits were 3D NAND.

During the quarter, Intel shipped the industry's first 64-layer data center SSDs and have a strong pipeline for Optane designs.

Programmable Solutions Group (2.9% of revenues) – The Altera business is now the Programmable Solutions Group, which increased 10.4% from the year-ago quarter and 6.6% sequentially to $469 million. Strength in advanced products, data center, automotive and military drove top-line growth.

Notably, Microsoft Corporation MSFT is deploying Intel FPGAs to develop the industry's fastest public cloud network and acceleration of deep neural networks. During the quarter, the company announced that it would use Intel’s 14-nm Stratix 10 FPGAs for its accelerated deep-learning platform (Project Brainwave).

Chinese e-commerce giant Alibaba Inc BABA also selected Intel FPGA’s in its Cloud.

Moreover, Audi is using Intel’s Cyclone V SoC FPGA technology for the Level 3 autonomous driving system in its upcoming A8.

Intel also launched Movidius Myriad X, the world's first vision processing unit with a dedicated neural compute engine to deliver artificial intelligence (AI) capabilities to the edge in a low-power, high-performance package. The company also delivered a 17-qubit superconducting test chip for quantum computing to its research partner, QuTech in the quarter.

Going forward, Intel is set to launch Nervana neural network processor. The company has worked with Facebook Inc FB to launch this new AI hardware in the market.

Intel also has a residual segment, which now includes results of operations from MobilEye, New Technology Group and other adjustments. The segment reported revenues of $202 million down 65.2% year over year but up 40.3% sequentially. Mobileye generated $82 million in revenues.  

Operating Details

The gross margin for the quarter was 63.9%, which contracted 80 basis points (bps) on a year-over-year basis but expanded 100 bps sequentially, better than management’s guidance.

Research & development (R&D) expenses and marketing, general & administrative (MG&A) expenses decreased 2.6% on a year-over-year basis and 5.2% sequentially to $4.78 billion, lower than management’s guided figure of $5.10 billion. As percentage of revenues, R&D and MG&A declined 260 bps on a year-over-year basis and 520 bps sequentially in the quarter.

Intel stated that total spending declined 6% in the reported quarter.

The operating margin was 34.4%, up 180 bps year over year and 610 bps sequentially. Segment margin expanded 340 bps on a year-over-year basis and 580 bps sequentially.

Client Computing Group operating margin was 40.6% as compared with 37.4% in the year-ago quarter. The massive expansion came on the back of lower investments and declining costs (14 nm). On a sequential basis, Client Computing group operating margin expanded 380 bps.

Data Center group operating margin was 46.2%, down 20 bps from the year-ago quarter. Operating margin was affected by increased technology development costs and higher spending on AI and adjacency businesses. Sequentially, segment margin expanded 820 bps.

Internet of Things group operating margin was 17.2% down from 27.7% in the year-ago quarter. Sequentially, segment operating margin contracted 210 bps.

Non-Volatile memory solutions group reported loss of $52 million as compared with a loss of $134 million in the year-ago quarter and $110 million in the previous quarter. The loss was primarily due to costs associated with 3D XPoint and start-up costs for the company’s memory capacity enhancement project.

Programmable Solutions Group reported operating income of $113 million, up almost 45% year over year and 16.5% sequentially.

Mobileye generated operating income of $39 million.

Balance Sheet

Cash, marketable securities and fixed-income trading asset balance at quarter end was almost $17.50 billion.

Intel currently has $20.65 billion in long-term debt as well as $4.63 billion in short-term debt, which has led to a net-debt balance of $8.18 billion.

During the reported quarter, Intel generated approximately $6.3 billion in cash from operations, paid dividends worth $1.3 billion and bought back shares worth $1.1 billion.

Intel also signed long-term NAND supply agreements, which provided more than $2 billion in prepayments through 2018. This significantly helped in free cash flow improvement.

Intel received $924 million cash from the divestiture of its portion in McAfee. In the quarter, McAfee repaid the promissory notes of $2.2 billion and issued a dividend of $735 million.

Guidance

Intel guided fourth-quarter 2017 revenues of around $16.3 billion (+/-$500 million), up 3% year over year excluding McAfee. The projected figure is better than the Zacks Consensus Estimate of $16.12 billion.

The non-GAAP gross margin is expected to be around 63% (+/-2%), flat on a year-over-year basis. R&D and MG&A expenses are anticipated at around $5.1 billion.

Non-GAAP operating income is projected to be approximately $5.2 billion, while earnings are anticipated to be 86 cents (+/- 5 cents) per share, up 15% on a year-over-year basis. The Zacks Consensus Estimate is currently pegged at 83 cents.

For fiscal 2017, management expects revenues of almost $62 billion (+/- $500 million), better than the Zacks Consensus Estimate of $61.37 billion and up $700 million from previous expectation.

Gross margin is anticipated to be 63% (+/-2%), which remains unchanged from the previous expectation.

R&D and MG&A expenses are anticipated at around $20.7 billion, up from previous expectation of $20.5 billion. Intel now expects direct spending to be below 33% (down 200 bps over 2016), approximately 10 bps better than its prior guidance.

Operating income is projected to be approximately $18.8 billion (up from $17.9 billion). Earnings are now anticipated to be $3.25 (+/- 5 cents) per share, up from previous guidance of $3.00 and better than the Zacks Consensus Estimate of $3.01.

For the data-center group, management still expects revenues to grow in the high-single digits and operating margin greater than the lower end of its long-term guidance range of 40-45% in 2017.

Moreover, Intel expects the memory segment to report profits by the end of 2018.

Full-year capex is expected to be $11.5 billion (+/-$500 million).

Intel remains committed to reduce spending to 30% of revenues by 2020 at the latest.

Zacks Rank

Currently, Intel carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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http://www.so-l.ru/news/y/2017_10_27_intel_intc_q3_earnings_top_on_robust_d Fri, 27 Oct 2017 15:29:00 +0300
<![CDATA[Андросов не интересуется "ВИМ-Авиа", изучает инвестиции в сервисы для авиакомпаний]]> http://www.so-l.ru/news/y/2017_10_05_androsov_ne_interesuetsya_vim_avia_izu Thu, 05 Oct 2017 17:52:43 +0300