Intel plans to shift Panther Lake capacity toward data center chips
Intel plans to take some Panther Lake manufacturing capacity offline to produce more data center chips, Chief Financial Officer David Zinsner said on its third-quarter earnings call. The shift would replace capacity for 18A wafers with Intel 3 production in Oregon.
Intel forecast misses estimates amid weak PC demand and supply problems
Intel's revenue forecast missed analysts' estimates as weak demand for PC processors and supply-chain problems with its data center components weighed on the business, Bloomberg reported. Shares plunged in late trading.
Alphabet filing details more than $1tn in future payment commitments
Alphabet's quarterly filing published Thursday details more than $1tn in future payments for computing, energy and data centres, The Next Web reported. The commitments do not appear on its balance sheet.
Amazon expects 2027 capital spending to exceed its $220 billion 2026 plan
Amazon expects to spend meaningfully more on capital investment in 2027 than its approximately $220 billion cash capital expenditure plan for 2026, CEO Andy Jassy told investors Thursday. The majority of the 2026 spending is intended for AWS.
Amazon reports $42.4 billion trailing free cash outflow as AI spending rises
Amazon reported negative free cash flow of $42.4 billion for the trailing 12 months, compared with positive free cash flow of $14.8 billion a year earlier.
Amazon revenue reaches $201.9B as AWS sales grow 39.3%
Amazon reported third-quarter revenue of $201.9B, up 12% year over year, while AWS net sales increased 39.3%. Operating income rose 61% to $28.1B, and its operating margin reached a company record of 13.9%. Net income fell 2% to $20.7B.