無懼賠錢貨，Intel透明化行動晶片部門財報，上季營損9.3億鎂，家醜盡揚。
Intel Reports Full-Year Revenue of $52.7 Billion, Net Income of $9.6 Billion
Generates $21 Billion in Cash from Operations
Intel Reports First-Quarter Revenue of $12.8 Billion
Operating Income of $2.5 Billion, Up 1 Percent Year-Over-Year
豁命促銷行動晶片，Intel相關部門營收銳減，虧損依然。面對分析師針鋒，高層疲於應對。
Sales of “Atom” microprocessors in that division almost doubled from the prior-year period.
Atom晶片出貨量年增近倍。
About our outlook for 61% gross margin this year, which implied lower revenue after Q2’s 63% level, the main issue was so-called “contra revenue,” marketing dollars we are spending to speed adoption of its tablet chips. That subsidy will start to go away next year, as we use engineering improvements to its Atom chips to lower costs for tablet makers. So, on a dollars per unit, it comes down pretty dramatically over the course of 2014. And it should be relatively small, if at all, as we get into 2015.
以行銷補貼的名義而致的逆減營收是毛利降低的主因，隨著補貼逐漸減少與製程優勢帶來的成本降低，Intel預期今年內美晶片的補貼費用會漸步顯著降低，而自2015年起補貼衝擊會相對微小。
About the growth rate for mobile and communications chips, it would be helped by sales of the “7260” baseband wireless processor, but hurt by the contra revenue. LTE, particularly the 7260, coming to market so we’ll start to see a nice ramp in revenue on that segment. We’ll have significant unit growth in tablets. But remember that contra revenue isn’t just a gross margin impact. It’s actually a subtraction from revenue and so that will mute the revenue growth for the segment because you have that negative as we get into the back half and ship more tablets.
LTE數據晶片XMM7260的初貨量將提振行動晶片部門的成長，同時平板晶片出貨成長也會明顯放大，然逆減營收的銷售策略也會掩蓋這方面的實質成長，特別是今年下半將出貨更多平板晶片。
Why we would even go after the tablet business, given that much of it, outside of Apple and Samsung, sells for $250 or less, using $10 chips？The revenue dollars might not be as high as in the PC market, but tablets are strategic. Part of it is simply the scale. You want to have those units. You want to have a presence in all areas of computing. The second one is developer attention. You want developers creating new products, doing innovation on your architecture.
雖然除了Apple跟Samsung以外的平板，多數售價低於250鎂，而這些商機一個Intel晶片只能獲得10鎂的業績，與PC市場的營收難以相提並論，但是Intel有其策略性考量，原因之一便是有量的市場規模，在所有電算領域，Intel不能缺席。再者，要博得開發商的關注，使其願意在Intel架構上持續開發，帶來創新。
Things such as the release of the 7260, the release of SoFIA, next year’s so-called Broxton chips, which will have lower costs, and the end of contra revenue, then place us firmly in leadership capability from the low end to the high end with integration. We’re fairly confident that we can continue to grow this business and turn it profitable over that time.
Intel堅信，其XMM7260數據晶片、SoFIA整合型晶片，還有後續的Broxton等新產品，都會穩固其在業界全方位的領導技術標竿。在行動裝置領域，Intel會不斷成長，然後轉虧為盈。
The mobile business in 2015 will “see reduction in the loss; not profitability, but a reduction in the loss.
不過，Intel坦承其2015年目標仍是減損，無法獲利。
We’ll bring “SoFIA,”the integrated baseband and apps processor which is currently made at TSMC, in on our 14-nanometer process either late 2015 or early 2016. We’re still battling back and forth on how fast we can bring it in and at what impacts that has.
目前交由TSMC代工的SoFIA整合型晶片，Intel擬在2015年底或2016年底回歸廠內14nm製程自製，內部目標仍在加速回歸的時程。
PS：14nm的Broadwell確定將於年底上市。
Our foundry business is still on a learning curve. We’ve been in many interactions. As far as what does it tell us about what needs to change within Intel, I think we still have a lot to learn about how to be a good foundry.
Intel晶圓代工業務，仍處於學習階段，挹注不大，也闡明目前沒打算放棄。
承上：
1.至少到2015年前，Intel仍不會放棄智慧行動晶片。
2.Intel現在已量產14nm製程桌機晶片Broadwell，甚至即將取代22nm Silvremont-based晶片Bay Trail-D（入門桌機）、Bay Trail-M（筆電）的14nm Airmont-based的Braswell與平板晶片Bay Trail-T的14nm Airmont-based的Cherry Trail都會在2014年底上市，基本上是14nm軍團全員到齊。但是，整合LTE基頻的自製14nm SoFIA智機晶片，最快也要再落後一年至2015年底；而在那之前，應該都是TSMC為其代工（28/20 nm）。
3.短期內，處於見習階段的Intel並無與TSMC在foundry業務上一爭長短的打算。