Intel CEO predicts PC market trends: recovery will continue in the second half of the year

[Gearbest News]Gearbest learned that Intel CEO recently predicted the trend of the personal computer (PC) market – it will continue to recover in the second half of the year.

Intel

Intel CEO said that the company is expected to achieve the goal of leading the industry in 2025; the market share of the personal computer chip business expanded in the second quarter; the personal computer market is expected to continue to recover in the second half of the year; the inventory level of the personal computer market has returned to normal; Personal computers will be important equipment in the field of artificial intelligence, which will boost their sales; the overall situation of the server market is mixed; the digestion process of server inventory will continue in the second half of the year; server sales are expected to decline in the third quarter and grow again in the fourth quarter. Major customers in the cloud business are investing heavily in artificial intelligence training; the demand for artificial intelligence training has surged recently and will gradually return to balance; the shortage of factory operations will be slightly alleviated; the company is still optimistic about the company's long-term gross profit margin prospects.

A few months ago, Intel CEO said: Our industry usually has a stronger second half of the year, and we expect this to be the case. We see some hope for recovery in the market, but we think this is a tough market for everyone. Intel predicts that gross margin will begin to expand again in the second half of 2023. Several executives revealed that Intel is restoring full production capacity and the inventory glut problem that has plagued the PC market is about to end. Intel also predicts that PC shipments will reach 270 million units this year and will increase to approximately 300 million units per year in the future. This would bring total shipments back above 2022 levels.

It is worth mentioning that in mid-May this year, Yang Yuanqing, chairman and CEO of Lenovo Group, also expressed a similar predictive view. He said: “Although PCs are experiencing some inventory adjustments, the actual demand reflected in activations is higher than shipments. The volume performance is much better. I believe that the PC downturn is nearing the bottom, and PC will resume growth as early as the second half of 2023. We think it is time to start preparing for another round of PC growth.”

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