Short Course 1 from #iedm24 today. TSMC giving some detail about the state of the industry. Some highlights.

#1 3D Stacking is expected to go to 3 micron pitch by 2027. #2 A16-based AI accelerators in 2027 with CoWoS-L and 12xHBM4. But even those 2025/2026 designs look cool - six compute die, 12xHBM3e. Next gen MI400 from AMD maybe?

$INTC margins crater for 2024 Q3.
DCAI/NEX up, rest down 🧵

vs 23Q3
💵 Revenue $13.3b, down 6% (Guide 13b)
📈 Gross Margin 15% GAAP, down 27.5pp (Guide 34.5)
💰 Net Income -$16.6b, down from $0.3b
🪙 EPS -$3.88, down from $0.07

Outlook:
💵 Revenue $13.8b, +- $500m
📈 GM 36.5% ➡️Foundry $4.35b, down 8% from $4.83b
➡️DCAI $3.35b, up 9% from $3.08b
➡️CCG $7.33b, down 7% from $7.87b
➡️NEX $1.51b, up 4% from $1.45b
➡️Altera $0.41b, down 44% from $0.74b
➡️MBLY $0.48b, down 8% from $0.53b

$AMD hits a record quarter for 2024 Q3. Their best ever. 🧵

💵 Revenue $6.819b, up 18% YoY
📈 Gross Margin 54%/50%, up 3pp YoY
💰 Op Income $724m, up from 224m
🪙 EPS $0.47, up 161%

Outlook:
💵 Revenue $7.5b, +- $300m
📈 GM 54% Datacenter - EPYC, Instinct
➡️ Revenue $3.549b, up 122% YoY from $1.598b
➡️ Operating Income $1.041b, up from $0.306b
➡️ Operating Margin 29% , up from 19% YoY

Launched Turin, MI325X. Strong cloud pickup on MI300X, announced the acquisition of ZT Systems.

Another keynote at #computex: this time @intel CEO @PGelsinger will take the stage. A 🧵 Will start in a few. But here are some @intel partners

Here at the @intel #ifs direct connect event. Keynote time! Pat to the stage. He's been CEO for 3 years now

We need more storage. Let's ask ChatGPT and DALL-E to make the highest capacity hard drive even higher in capacity.

Stage 1. Fairly mundane. Stage 2. Looks a little more steampunk.

Time for @qualcomm's #SnapdragonSummit! 🧵 Don to the stage

Here is @Intel Innovation, about to begin. Pat is doing sports. He's the AI CEO. #IntelInnovation a thread



@intel Intel is making AI accessible

$AMD 23Q2:

➡️ 2Q Rev $5.4b
- down 18% YoY
- flat QoQ
➡️ GM 46%, flat YoY

➡️ Data Center $1.3b
- down 11% YoY
- up 2% QoQ
➡️Client $997m
- down 54% YoY
- up 35% QoQ
➡️Gaming $1.6b
- down 4% YoY
- down 10% QoQ
➡️Embedded $1.5b
- up 16% YoY
- down 7% QoQ Overall strong results vs expectation, but operating loss of $20m, yet net income gain of $27m. A mix of weakness in some markets and good strength in others.

Also, $135m to expand adaptive computing research operations in Ireland.

Here for @AMD DC event. Starts at 10am PT, follow this thread along with the stream!🧵

I expect to see @LisaSu, Mark Papermaster, Forrest Norrod, and Victor Peng on stage talking about #AI, #Bergamo, and #MI300

youtube.com/live/l3pe_qx95… I'm with these goobers!
@dylan522p @PaulyAlcorn @Patrick1Kennedy

At #ISC23, @intel's Jeff McVeigh going through AI-accelerated #hpc. Either AI helping reduce large problems, or AI hardware being used for reduced precision in HPC If you hadn't seen it, Intel's AI roadmap. Falcon Shores is the output of GPU+AI.

Here at @latticesemi's #analystday2023 at @Nasdaq, a 🧵! Talks from CEO @jranderson, CFO Sherri Luther, and CSO Esam Elashmawi.

Ran into these two goofballs too! @bobodtech @Krewell $lscc About to start

AMD Q1 2023 Financials 🧵

GAAP
Revenue YoY $5.353b, down 9%
Gross Profit $2.359b, down 16%
Gross Margin 44%, down 4pts
OpEx $2.514b, up 29%
Op Income $145m loss, down 115%
Op Margin -3%, down 19pts Non-GAAP YoY

Revenue $5.353b, down 9%
Gross Profit $2.675b, down 14%
Gross Margin 50%, down 3pts
OpEx $1.587b, up 18%
Op Income $1.098b, down 40%
Op Margin 21%, down 10 pts
EPS $0.60, down 47%

Live at #isscc is @AMD @LisaSu with the plenary talk @AMD @LisaSu Mainstream Server Performance - 2P SpecInt Rate. Includes AMD, Intel, Arm. Doubling every 2.4yrs.

$AMD @AMD Q4 2022 Financials

Quarterly:
➡️ Revenue $5.6 billion, up 16% YoY
➡️ Gross Margin 43%, down 7% YoY
➡️ Operating loss $149m, down $1.3b YoY
➡️ Operating margin -3%, down 28% YoY
➡️ Net Income $21m, down 98% YoY @AMD FY 2022:

➡️ Revenue $23.6b, up 44%
➡️ Gross Margin 45%, down 3%
➡️ Op Expenses $9.4b, up 120%
➡️ Op Income $1.2b, down 65%
➡️ EPS $0.84, down 67%

$INTC Financials 🧵
4Q 2022

➡️ Revenue $14.0b, -28% YoY
➡️ Gross Margin 43.8%, -12.1% YoY
➡️ EPS $0.10, -92% YoY

FY 2022

➡️ Revenue $63.1B, -16% YoY
➡️ Gross Margin 47.3%, -10.8% YoY
➡️ EPS $1.84, -65% YoY Client Computing Group CCG

➡️ Revenue $6.6b, down 36% YoY
➡️ Op Income $0.7b, down 82% YoY
➡️ Op Margin 11%, down from 37%

➡️ Lower demand on PC in consumer and education
➡️ Increased Intel 7 mix
➡️ Higher inventory reserves
➡️ Investment in product/roadmap

Financials $IBM @IBM 2022:

4Q '22:
➡️ Revenue $16.69b, flat QoQ
➡️ Software $7.3b, +2.8%
➡️ Consulting $4.8b +0.5%
➡️ Infra $4.5b, +1.6%

FY '22
➡️ Revenue $60.5b, +6%
➡️ Hybrid Cloud $22.4b, +11%
➡️ Free Cash Flow $9.3b

FY '23 predict
➡️ Revenue up 3-7%
➡️ FCF up $1b YoY @IBM Lots of businesses with international transactions will be reporting 'currency corrected' numbers this quarter because of the exchange rates. The numbers above exclude that, but the rest in the thread will include it.

$ASML Q4 2022 and FY22 Financials

➡️ Revenue €6.43b (+11.2% QoQ)
➡️ 106 Litho sales in Q4 (up from 86 in Q3)
➡️ 345 Litho sales in '22 (up from 309 in '21)
➡️ 40 EUV sales in '22 (down from 42 in '21)
➡️ Record litho sales in Q4 (€4748m)
➡️ Record R&D Q spend (€906m) Note: Q1 is a cyclical low point for EUV sales/installs. See 2018, 2020, 2021. Likely because of CNY.

Today's first #IEDM22 Short Course is HPC, Graphics, and Zettascale.

➡️ The Path to Zettascale, Intel
➡️ CMOS Scaling 1nm and Beyond, Samsung
➡️ Novel Logic Devices, TSMC
➡️ 3D Chiplets and Packaging, UCLA
➡️ Architecture for Power, imec
➡️ Optical Interconnects, Ayar Labs 350 slides, this short course is going from 9am to 5pm. Not going to live blog, except certain parts.

For example, Wilfred Gomes of Intel outlines a deeper plan for Zettascale. In includes CryoCMOS discussions, i.e. running at 77K, although a ZF system is expected to be at ~0C

$AMD @AMD Q3 2022 Results, thread:

GAAP YoY
➡️ Revenue $5.56B (+29%)
➡️ GM 42% (-610bps)
➡️ OpEx $2.43B (+113%)
➡️ OpIncome -$64m (-107%)
➡️ Net Income $66m (-93%)
➡️ EPS $0.04 (-95%) Non-GAAP YoY
➡️ Revenue $5.56B (+29%)
➡️ GM 50% (+150bps)
➡️ OpEx $1.52B (+47%)
➡️ OpIncome $1.26B (+20%)
➡️ Net Income $1.1B (+23%)
➡️ EPS $0.67 (-8%)
Revenue below expectations due to macro and inventory correction.

Tech stocks in a rut? @latticesemi $LSCC just showcased:

➡️ $172.5M Q3 Revenue
➡️ +31% YoY revenue
➡️ +9% QoQ revenue
➡️ 69.5% GMs (+590 bps)
➡️ 39.5% Op Profit (+930 bps)
➡️ +71% YoY EPS ($0.48)

Congrats to @jranderson and the team! @latticesemi @jranderson Listening to the analyst Q&A, it's clear that some are still confused as to why LSCC is doing so well when the rest of the industry has been weak/soft. While LSCC isn't immune, the FPGA product cycles are long and established, and new product lines are securing design wins