CEO Pat Gelsinger has warned the worst of the global chip crisis is yet to come, after Intel reported flat revenues for 2021.
The chip shortage, caused by a combination of the pandemic, global supply shortages and poor relations between the US and China is likely to last well into 2023, according to Gelsinger.
The company reported a slight two percent YoY revenue rise for the second quarter of the year, from $18.2 billion to $18.5 billion. It forecasts a 5.4% revenue increase for Q3, as well as a modest full-year growth of one percent to $73.5 billion.
What is big tech doing?
Intel is set to announce the construction of new semiconductor factories in Europe and the US, after the Biden administration announced $52 billion of infrastructure spending to combat the shortage.
The firm’s recently embarked upon IDM 2.0 strategy combines internal manufacturing capacity with the use of third-party producers, which positions the company to weather the challenges and build a more resilient supply chain.
Roughly 25% of Intel’s revenue is tied up in China, which Gelsinger says has “an insatiable thirst for technology that helps them digitise their economy”.
He said he hoped that Intel could be “as influential as possible” in bringing back good relations between the US and China.
In its roadmap to 2025, Intel also announced a move to smaller, more powerful semiconductors to combat chip shortages
The company aims to move away from naming its chip tech using nanometres – which they originally used to name the small spaces between transistors, but has since become a marketing term.
“It’s a lot of years since we were actually measuring physical dimensions,” says Gelsinger, acknowledging that the “industry has drifted away from how Intel looked at it.”
“It’s a new era of 3D structures and atomic level devices,” he says, citing new architecture and power delivery networks that he hopes will drive the firm forward in the coming decade.
WhatsApp ramps up privacy features
WhatsApp ramps up privacy features to prevent subscriber loss
The world’s two billion plus WhatsApp users will soon have greater privacy controls with new platform changes on the way.
Meta boss, Mark Zuckerberg, announced the new WhatsApp updates in a Facebook post earlier this week.
Users will be able to make a stealthy exit from group conversations without the rest of the participants being notified.
Other changes include allowing users the ability to check messages without others knowing and controlling who sees when they are online.
These functions have been flagged as being rolled out to WhatsApp users over the next month.
Even more significant to user privacy is a function that is still under development.
Here, WhatsApp users can allow their messages to be viewed only once with an added screenshot blocking feature.
This will prevent other users saving their communication onto their phones for future reference.
The changes have been announced after Meta was scrutinised last year for their data sharing practices after an update of its Terms of Service.
Users were concerned over suggestions WhatsApp user data would be shared and utilised by parent company Meta.
WhatsApp has always boasted about the benefits of its end-to-end encryption preventing.
The news that WhatsApp planned to share user data more widely with Meta shook users’ faith in the platform.
As the third most popular social media platform, it seems Meta is keen to retain this market share by increasing its privacy features.
Some would say this is both to allay security fears and to prevent them from moving to other popular messaging apps such as Signal.
Facebook hands teen’s data to police for abortion charge
New reports reveal that Facebook has handed over data to police to help criminally punish a teenager for seeking to get an abortion
The tech giant turned Celeste Burgess’ Facebook message’s into the authorities, where she is being charged for “removing and abandoning a dead human body.”
The 17-year-old lives in Nebraska where abortion isn’t illegal, but the abortion happened via medication at 23 weeks.
Nebraska has a 20 week pregnancy cut off date, and the medication also warns against medical abortion past this time.
The teen’s mother is also facing 5 charges.
This comes amid widespread controversy after the historic Roe v Wade ruling was overturned in the United States.
Meta faces a probe into triggering poor mental health
Meta is facing a string of lawsuits that relate to the mental health of young people
The legal disputes blame Instagram for eating disorders, depression and even suicides among children and teens.
It comes after whistle-blower Frances Haugen exposed internal documents about how Instagram impacts body image and mental health.
The leaks allegedly show Meta is aware that its products hurt children but the company chose to put its growth and profits ahead of user’s safety.
Meta has not responded to these latest legal blows.
Of course, if you or someone you know needs help, please contact your local helpline.
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