Intel Corp. expects its profit margin to drop this year and then be steady for several years as it invests in new technologies and factories to meet rising chip demand, but added it forecasts climbs from 2025.
Intel Chief Executive Pat Gelsinger also said Intel would be interested in participating if a consortium emerges to own the British semiconductor and software design company Arm Ltd.
Gross margins are set to drop to 52% this year from nearly 58% last year on a non-GAAP basis, Intel said at its Investor Day conference Thursday. It sees levels of 51% to 53% in 2023 and 2024 before a climb back to 54% to 58% the following years.