The chip-manufacturing goliath AMD rolled out its financial report for the third quarter of 2022. The overall revenue rose by 29%, albeit it was missed while trawling under the sea. Recently, Northland Securities released an investment report citing that the chip needs in China falling off in a hidden snow cave. Moreover, Intel is abutting AMD in the technology race. AMD may see a slackening in the future.
It means the target price was downturned to $60, and the rating was changed to neutral. Intel’s technology may outstrip AMD in the coming year, and AMDs next year’s financial forecast would be immediate attention; according to a few forecast reports, AMDs next year’s revenue might reach $24 billion, which will be drastically lower than the expected $26 billion in revenue. There are many reasons behind the fall in income; the primary reason for the decline is slowed-down demand in the Chinese market.
The closing down of foreign technology from its infrastructure has also developed uncertainty for AMD. On the technological forms, Intel is dashing up with AMD in the chip manufacturing race; by the H2 of next year, Intel computers processor will adopt 4nm technology, whereas AMD will use TSMC’s 5nm technology, presumably not swap to 4nm technology until 2024.
It is worth mentioning that TSMC is looking to Mass produce the 2nm process in 2025. it will embrace the gate all around (GAA) architecture, howbeit it still lags behind Intel’s products in this segment. Even though the company did not provide detailed information, Intel will be the first to onboard the process. Starting with High-K Metal Gate and then with FinFET
