Securing data while in use opens doors from the on-prem data center to the cloud for more applications.

CEO Lisa Su said the company has passed 10 percent share of the server chip market.

The 7nm "roadmap missteps... could well represent the end of Intel’s computing dominance.”

The timing for 7nm chips “is shifting approximately six months relative to prior expectations.”

Its two pillars of strength -- hardware for graphics and for AI in the data center -- have made it the third-largest chipmaker, behind TSMC and Samsung.

While Intel continues to report record sales, its rivals claim their products are now equal or better in performance and that Intel’s manufacturing delays make it more vulnerable to competition than it has been in years.

“Intel don’t give two craps about us as long as we keep product moving.”

Expects data center division to benefit from continued cloud-provider business accompanied by slowdown in enterprise sales

The chipmaker joins a growing list of businesses pausing buybacks as economic activity slows and stockpiling cash becomes the priority.

Chips can take as long as three months to produce, meaning the ones coming out of Intel plants now would have been started before the global Covid-19 slowdown kicked in.