Intel Corporation (NASDAQ:INTC)’s CEO Brain Krzanich said that the next generation of Broadwell processors will be supplied in time to be used in the personal computers sold during the holiday season. However, the new chip-sets will not be available for the back to school shopping.
In a talk with Reuters at the Maker Faire in San Mateo, California, Krzanich said, “I can guarantee for holiday, and not at the last second of holiday.”
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More
Back to school availability not sure
During the interview, Krzanich said Intel Corporation (NASDAQ:INTC) will ship the Broadwell chips to PC manufacturers on the schedule now after it overcame some issues caused during the implementation of new manufacturing technology. The timing of the launch for new chips is important to the company and to the manufacturers, who are planning to sell new PCs with better battery life and higher speeds.
He added that availability for back to school is not sure and manufacturers will have to wait for July or August. Krzanich was specific about the shipments of the chip as compared to the recent quarterly conference call with the analysts in April. During the conference call he said that the Broadwell-based products are expected to launch in the second half of 2014.
During August, when the schools reopen, parents often buy new PCs for their children, which triggers some sales numbers for PC makers, but overall the November/December U.S. holiday season still drives the major growth in the sale of consumer electronics.
Intel sees wearables as next big thing
In a separate development, Krzanich interacted with the electronic geeks at Silicon Valley’s annual Maker Mecca and encouraged the amateur inventors to come up with a new wave of smart wearables. Intel Corporation (NASDAQ:INTC) and other technology companies believe that soon, as the mobile market is on the verge of saturation, wearable devices like smart watches, fitness trackers and Google Glass will become a major trend in personal computing.
However, the wearable gadgets launched by Samsung electronics and some other manufacturers are still far away from real popularity. Companies like Intel Corporation (NASDAQ:INTC), ARM holdings and Atmel showcased their latest components to update hobbyists about their latest products.