Intel hasn’t reported good quarterly figures and AMD seems to be catching up. The chip giant is postponing its two-day Intel Innovation Conference after some financial setbacks.

While Intel’s Q2 2024 numbers declined in key CPU categories, rival AMD’s numbers rose. According to recent numbers from Mercury Research, published by The Register, AMD appears to be gaining ground in server, desktop and mobile processors. Despite this turnaround, Intel still currently controls the majority of the market.

The chip giant has experienced some ups and downs recently. The company recently had to admit that there were problems with its 13th and 14th generation “Raptor Lake” processors. In addition, Intel laid off 15,000 employees as part of a strict cost-cutting plan. The planned Intel Innovation Event also had to be canceled and postponed until 2025.

Intel vs AMD

Current figures from Mercury Research show that Intel’s market share fell by several percentage points year-on-year in the second quarter of 2024. This was within the server, desktop and mobile CPU categories. Intel’s major competitor AMD, on the other hand, recorded an increase in the same quarter.

AMD recorded the largest increase with a 5.6 percent increase in market share in server CPUs. The increase in desktop CPUs was less noticeable at 3.6 percent compared to the previous year. Compared to the previous quarter, this is actually a slight decrease of 0.9 percent. Finally, the mobile market share rose by 3.8 percent year-on-year to 20.3 percent, which corresponds to a slight increase compared to the first quarter.

A closer look at the numbers tells a completely different story. Total AMD processor shipments declined in the second quarter compared to the first quarter. From this perspective, Intel gained overall market share, with a 7 percent increase year-over-year.

Event postponed

Intel announced Thursday evening that the two-day Intel Innovation conference will be postponed until 2025. It was originally scheduled for September 24 in San Jose, California. The announcement states: “For the remainder of 2024, we will continue to host smaller, more targeted events, webinars, hackathons and meetups worldwide through the Intel Connection and Intel AI Summit events.” The postponement of this event is said to have something to do with Intel’s cost-cutting plan.

An Intel spokesperson told PCMag, “Given our financial results and outlook for the second half of 2024, which are more challenging than previously expected, we must make some difficult decisions as we continue to refine our cost structure and evaluate how we can create a sustainable engine of leadership in rebuilding process technology.”