Intel reports strong performance for Q1 2020, with revenues reaching $19.8 billion, a 23% Y-o-Y increase-- results the company says demonstrate the technology industry is "more essential now than it has ever been."
Chipzilla profits total $5.7bn, a 43% Y-o-Y increase, while gross margins reach 60.6%. Driving such results is the Datacentre Group (DCG), with revenues growing by 43% Y-o-Y to $7bn. The memory business emerges as a surprise champion, with 46% Y-o-Y growth on $1.3bn in revenues, while ADAS adoption leads to a record quarter for the Mobileye business. The rest of the Intel IoT business does see a -3% Y-o-Y drop in revenue, however.
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