{"id":373,"date":"2026-10-30T07:24:35","date_gmt":"2026-10-29T22:24:35","guid":{"rendered":"https:\/\/www.arphile.net\/?p=373"},"modified":"2026-10-30T09:45:34","modified_gmt":"2026-10-30T00:45:34","slug":"261029-intel-q3-%ec%96%b4%eb%8b%9d%ec%bd%9c-%ec%a0%95%eb%a6%ac","status":"publish","type":"post","link":"https:\/\/www.arphile.net\/?p=373","title":{"rendered":"[261030] Intel Q3 \uc5b4\ub2dd\ucf5c \uc815\ub9ac"},"content":{"rendered":"\n

1. \uc2e4\uc801 \uc694\uc57d<\/h3>\n\n\n\n
\ud56d\ubaa9<\/th>\uae08\uc561<\/th><\/tr><\/thead>
\ub9e4\ucd9c<\/td>$165\uc5b5<\/strong><\/td><\/tr>
\ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 (Non-GAAP)<\/td>44.1% (\uc804 \ubd84\uae30\u00b7\uac00\uc774\ub358\uc2a4 \ub300\ube44 \uc57d +2%p)<\/td><\/tr>
EPS (Non-GAAP)<\/td>$0.52<\/strong> (\uac00\uc774\ub358\uc2a4 $0.38)<\/td><\/tr>
\uc601\uc5c5\ud604\uae08\ud750\ub984<\/td>$51\uc5b5<\/td><\/tr>
\ud604\uae08\u00b7\ub2e8\uae30\ud22c\uc790<\/td>\uc57d $540\uc5b5 + \uc2e0\uc6a9\ud55c\ub3c4 $150\uc5b5 (\uae30\uc874 $100\uc5b5\uc5d0\uc11c \ud655\ub300)<\/td><\/tr>
\uc720\uc0c1\uc99d\uc790<\/td>8\uc6d4 $230\uc5b5<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
  • \ub9e4\ucd9c, \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960, EPS \ubaa8\ub450 \uac00\uc774\ub358\uc2a4\ub97c \ub118\uc5c8\uc74c. 8\ubd84\uae30 \uc5f0\uc18d \uac00\uc774\ub358\uc2a4 \uc0c1\ud68c<\/li>\n\n\n\n
  • \uc11c\ubc84(DCAI)\uac00 15\ub144 \ub9cc\uc5d0 \ucd5c\uace0 \uc131\uc7a5\uc744 \ud588\uc9c0\ub9cc, PC(CCPG)\uac00 \uba54\ubaa8\ub9ac \uac00\uaca9 \uae09\ub4f1\uc73c\ub85c \uaebe\uc600\uc74c<\/li>\n\n\n\n
  • \ubb38\uc81c\ub294 4\ubd84\uae30 \uac00\uc774\ub358\uc2a4<\/strong>\n
      \n
    • \ub9e4\ucd9c $150~160\uc5b5\uc73c\ub85c, \uc560\ub110\ub9ac\uc2a4\ud2b8 \uc9c8\ubb38 \uae30\uc900 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \uc57d $18\uc5b5 \ub0ae\uc558\uc74c<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

      2. CEO \ubc1c\ud45c: \uc11c\ubc84 CPU \uc218\uc694 \ud3ed\ubc1c, PC\ub294 \uaebe\uc784<\/h3>\n\n\n\n
        \n
      • \uc218\uc694 \ud658\uacbd<\/strong>: \uc774\uc804 \ubd84\uae30\ub4e4\ubcf4\ub2e4 “\uade0\ud615 \uc7a1\ud78c” \ubd84\uae30\uc600\ub2e4\uace0 \ud45c\ud604\ud568\n
          \n
        • DCAI(\uc11c\ubc84) \uac15\uc138\uac00 CCPG(PC) \uc57d\uc138\ub97c \uc77c\ubd80 \uba54\uc6c0<\/li>\n\n\n\n
        • \uc5c5\uacc4\ub294 \uc5ed\uc0ac\uc0c1 \uac00\uc7a5 \uc2ec\uac01\ud55c \uacf5\uae09 \ubd80\uc871 \uc911 \ud558\ub098\ub97c \uacaa\uace0 \uc788\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • \uc11c\ubc84 CPU \uc2dc\uc7a5 \uc804\ub9dd<\/strong>\n
            \n
          • \uc5d0\uc774\uc804\ud2b8 AI \ud655\uc0b0\uc73c\ub85c \uc11c\ubc84 CPU \uc2dc\uc7a5\uc774 5\ub144 \uc548\uc5d0 $400\uc5b5 \u2192 $2,000\uc5b5 \uc774\uc0c1(\ucd5c\ub300 5\ubc30)<\/strong> \ucee4\uc9c8 \uc218 \uc788\ub2e4\uace0 \ud568<\/li>\n\n\n\n
          • GPU\ub294 “\uc0dd\uac01\ud558\ub294” \uc791\uc5c5, CPU\ub294 “\uc2e4\ud589\ud558\ub294” \uc791\uc5c5\uc5d0 \ub354 \ud6a8\uc728\uc801\uc774\ub77c\ub294 \ub17c\ub9ac\uc784. GPU \ucd94\ub860 \ucffc\ub9ac\ub294 \uc218 Wh\ub97c \uc4f0\uc9c0\ub9cc CPU \ucffc\ub9ac\ub294 \uc218 \uc904(J) \uc218\uc900\uc774\ub77c\uace0 \uc124\uba85\ud568<\/li>\n\n\n\n
          • Oracle Cloud\uc640 AI \uc778\ud504\ub77c\uc6a9 \ucd5c\uc2e0 CPU \uacf5\uae09 \uacc4\uc57d\uc744 \ub9fa\uc5c8\uc74c<\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • \uc778\ud154\uc758 3\uac00\uc9c0 \uac15\uc810<\/strong>\n
              \n
            • x86 \uc6d0\uc870\ub85c\uc11c x86 \ud601\uc2e0\uc5d0 \uc9d1\uc911. \ucc98\uc74c\uc73c\ub85c \uace0\uac1d \ub9de\ucda4\ud615 x86 CPU \uc124\uacc4(IP)\ub97c \ubaa8\ub4c8 \ud615\ud0dc\ub85c \uc81c\uacf5\ud568<\/li>\n\n\n\n
            • \ubbf8\uad6d\uc5d0 \ubcf8\uc0ac\ub97c \ub454 \uc720\uc77c\ud55c \ucca8\ub2e8 \uacf5\uc815 \ud30c\uc6b4\ub4dc\ub9ac. \uace0\uac1d\uc774 \uc6d0\ud558\uba74 x86\uc774 \uc544\ub2cc CPU\ub3c4 \ub9cc\ub4e4\uc5b4 \uc90c<\/li>\n\n\n\n
            • \ucca8\ub2e8 \ud328\ud0a4\uc9d5 \uae30\uc220\ub825<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • \uacf5\uae09 \ucc28\uc9c8 3\uac00\uc9c0<\/strong>\n
                \n
              • Intel 3 \uc218\uc728\u00b7\uc0dd\uc0b0 \uc8fc\uae30\uac00 \uac1c\uc120\ub418\uace0\ub294 \uc788\uc9c0\ub9cc \ub354 \ube68\ub77c\uc57c \ud55c\ub2e4\uace0 \ud568<\/li>\n\n\n\n
              • EMIB \ud328\ud0a4\uc9d5\uc6a9 \uc720\uae30 \uae30\ud310(substrate)\uc774 \uc5c5\uacc4 \uc804\uccb4\uc801\uc73c\ub85c \ubd80\uc871\ud568<\/li>\n\n\n\n
              • \uc774\uc2a4\ub77c\uc5d8 \uacf5\uc7a5(Fab 28)\uc5d0\uc11c \ube44\uadf9\uc801\uc778 \uc0ac\uace0\ub85c \uc7a5\uae30 \uac00\ub3d9 \uc911\ub2e8<\/strong>. \n
                  \n
                • 4\ubd84\uae30 10nm \uc11c\ubc84 \ucd9c\ud558\uc5d0 \ud0c0\uaca9<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                • PC \uc2dc\uc7a5<\/strong>\n
                    \n
                  • \ucd5c\uadfc \uba87 \uc8fc \uc0ac\uc774 \uace0\uac1d\uc0ac\ub4e4\uc774 \uba54\ubaa8\ub9ac \uac00\uaca9\u00b7\uacf5\uae09 \ubb38\uc81c\ub85c PC \uc218\uc694 \ub454\ud654 \uc2e0\ud638\ub97c \ubcf4\ub0c8\uc74c<\/strong><\/li>\n\n\n\n
                  • PC \uac00\uaca9\uc774 \ud06c\uac8c \uc62c\ub77c \uae30\uc5c5 IT \uc608\uc0b0\uc744 \uc555\ubc15\ud558\uace0 \uc788\uace0, \ucd5c\uadfc 2\uac1c\uc6d4 \ub3d9\uc548 PC \uc5c5\uccb4\ub4e4\uc758 \uc7ac\uace0 \uc870\uc815\uc774 \ube68\ub77c\uc84c\uc74c<\/strong><\/li>\n\n\n\n
                  • \uba54\ubaa8\ub9ac \uacf5\uae09\uacfc \uac00\uaca9\uc774 \uc815\uc0c1\ud654\ub420 \ub54c\uae4c\uc9c0 \uc774 \uc0c1\ud669\uc774 \uc774\uc5b4\uc9c8 \uac83\uc774\ub77c\uace0 \ud568<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n
                  • \uc81c\ud488 \ub85c\ub4dc\ub9f5<\/strong>\n
                      \n
                    • Panther Lake(18A) \uc591\uc0b0 \uc131\uacf5, Wildcat Lake\ub294 \uacf5\uae09\ubcf4\ub2e4 \uc218\uc694\uac00 \ub9ce\uc74c<\/li>\n\n\n\n
                    • Nova Lake(18A \ud074\ub77c\uc774\uc5b8\ud2b8)\ub294 \uc77c\uc815\ubcf4\ub2e4 \uc55e\uc11c \uc788\uace0, \ucd9c\uc2dc \uc2dc\uc810 \ub514\uc790\uc778 \uc708(\ucc44\ud0dd)\uc774 Panther Lake\uc758 2\ubc30 \uc608\uc0c1. 1\uc6d4 CES\uc5d0\uc11c \uacf5\uac1c \uc608\uc815<\/li>\n\n\n\n
                    • Clearwater Forest(\uccab 18A \uc11c\ubc84 CPU) \ub9e4\ucd9c \ucd9c\ud558 \uc2dc\uc791, 2027\ub144 \uc218\uc694\uac00 \uc0c1\ub2f9\ud568<\/li>\n\n\n\n
                    • Diamond Rapids\ub294 \uc0d8\ud50c\ub9c1 \uc911\uc774\uace0 2027\ub144 \uc591\uc0b0 \uc608\uc815<\/li>\n\n\n\n
                    • \ucd94\ub860\uc6a9 GPU Crescent Island(Intel GPU-D \uc2dc\ub9ac\uc988)<\/strong> \uacf5\uac1c. \uc0c8 \uc2dc\uc7a5\uc774\ub77c \ud0a4\uc6b0\ub294 \ub370 \uc2dc\uac04\uc774 \uac78\ub9ac\uc9c0\ub9cc \uace0\uac1d\uc0ac\uc640 \ud655\uc815 \uacc4\uc57d \ub2e8\uacc4\ub85c \uac00\ub294 \uc911\uc774\ub77c\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                    • \uc591\uc790\ucef4\ud4e8\ud305<\/strong>\n
                        \n
                      • \uc774\uc2a4\ub77c\uc5d8 \uc591\uc790 \uc18c\ud504\ud2b8\uc6e8\uc5b4 \ud68c\uc0ac Classiq \uc778\uc218 \uc758\ud5a5 \ubc1c\ud45c. <\/li>\n\n\n\n
                      • \uc778\uc218 \ud6c4 “\ub9e4\ucd9c\uc744 \ub0b4\ub294 \ud480\uc2a4\ud0dd \uc591\uc790\ucef4\ud4e8\ud305 \ud68c\uc0ac”\uac00 \ub41c\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                      • \ub9bd\ubd80 \ud0c4\uc740 “\ucde8\uc784 1\ub144 \ubc18, \uc778\ud154 \uc7ac\uac74\uc740 \uc5ec\ub7ec \ud574\uac00 \uac78\ub9ac\ub294 \uc77c”\uc774\ub77c\uba70, \uc774\ubc88 \ubd84\uae30 \uace0\uac1d \uc218\uc694\ub97c \ub2e4 \ub9de\ucd94\uc9c0 \ubabb\ud55c \uac8c \uc2e4\ub9dd\uc2a4\ub7fd\ub2e4\uace0 \ud588\uc74c<\/li>\n<\/ul>\n\n\n\n

                        3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80<\/h3>\n\n\n\n
                        \ubd80\ubb38<\/th>\ub9e4\ucd9c<\/th>\uc131\uc7a5\ub960 \/ \uc774\uc775<\/th><\/tr><\/thead>
                        DCAI (\uc11c\ubc84\u00b7AI)<\/strong><\/td>$73\uc5b5<\/strong><\/td>\uc804 \ubd84\uae30 \ub300\ube44 +17%, \uc804\ub144 \ub300\ube44 \uc57d +80%. \uc601\uc5c5\uc774\uc775 $30\uc5b5(\uc774\uc775\ub960 42%)<\/td><\/tr>
                        CCPG (PC)<\/td>$81\uc5b5<\/td>\uc804 \ubd84\uae30 \ub300\ube44 -9%, \uc804\ub144 \ub300\ube44 -5%. \uc601\uc5c5\uc774\uc775 $23\uc5b5(\uc774\uc775\ub960 28%)<\/td><\/tr>
                        Intel Foundry<\/td>$67\uc5b5<\/td>\uc804 \ubd84\uae30 \ub300\ube44 +16%. \uc601\uc5c5\uc190\uc2e4 $19\uc5b5(\uc190\uc2e4 $2.4\uc5b5 \ucd95\uc18c)<\/td><\/tr>
                        \u2514 \uc678\ubd80 \ud30c\uc6b4\ub4dc\ub9ac<\/td>$4.1\uc5b5<\/td>\uc804 \ubd84\uae30 \ub300\ube44 +$1.2\uc5b5 (\uc77c\ud68c\uc131 \uace0\uac1d \ud504\ub85c\uadf8\ub7a8 \uc601\ud5a5)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                          \n
                        • DCAI<\/strong>\n
                            \n
                          • \ud558\uc774\ud37c\uc2a4\ucf00\uc77c\ub7ec, \uc77c\ubc18 \uae30\uc5c5, \ub124\uc624\ud074\ub77c\uc6b0\ub4dc \uace0\uac1d \ubaa8\ub450 \uace0\ub974\uac8c \uc131\uc7a5\ud588\uc74c<\/li>\n\n\n\n
                          • 2026\ub144 DCAI \ub9e4\ucd9c\uc774 \uc5f0\ucd08 \uc608\uc0c1\ubcf4\ub2e4 \uc57d $100\uc5b5 \ub354 \ub9ce\uc744 \uac83<\/strong>\uc774\ub77c\uace0 \ud568<\/li>\n\n\n\n
                          • \ub9de\ucda4\ud615 \uce69(purpose-built silicon, ASIC) \ub9e4\ucd9c\uc740 \uc804 \ubd84\uae30 \ub300\ube44 +50% \ub118\uac8c, \uc804\ub144 \ub300\ube44 2\ubc30 \ub118\uac8c \ub298\uc5c8\uc74c<\/li>\n\n\n\n
                          • Granite Rapids(Intel 3)\uac00 \uc11c\ubc84 \uc81c\ud488 \uc911 \uac00\uc7a5 \ud070 \uc81c\ud488\uad70\uc774 \ub410\uace0, \uc774\uc81c \ub9c8\uc9c4\uc5d0\ub3c4 \ubcf4\ud0ec\uc774 \ub428<\/li>\n\n\n\n
                          • \uc218\uc694\uac00 \uacf5\uae09\uc744 \ud06c\uac8c \ub118\uc5b4\uc11c\ub294 \uc0c1\ud0dc\uac00 \uacc4\uc18d\ub418\uace0 \uc788\uc74c<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                          • CCPG<\/strong>\n
                              \n
                            • \uba54\ubaa8\ub9ac \ubd80\uc871 \uc555\ubc15<\/strong>\uc774 3\ubd84\uae30 \ub9d0\uc5d0 \ud2b9\ud788 \uc2ec\ud574\uc838\uc11c \uace0\uac1d \uc8fc\ubb38 \ud328\ud134\uc774 \ud06c\uac8c \ubc14\ub00c\uc5c8\uc74c<\/li>\n\n\n\n
                            • \uadf8\ub798\ub3c4 AI PC \ub9e4\ucd9c\uc740 \uc804\ub144 \ub300\ube44 +35%\uc600\uc74c<\/li>\n\n\n\n
                            • Wildcat Lake \ud310\ub9e4\ub7c9 \uc804 \ubd84\uae30 \ub300\ube44 \uc57d +70%, \uc644\ud310 \uc0c1\ud0dc<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                            • Intel Foundry<\/strong>\n
                                \n
                              • 18A \uc0dd\uc0b0 \uc6d0\uac00\uac00 1\ubd84\uae30 \uc774\ud6c4 \uc57d 40% \ub0ae\uc544\uc84c\uace0, Intel 3 \uc6d0\uac00\ub3c4 \uc57d 15% \ub0ae\uc544\uc84c\uc74c<\/li>\n\n\n\n
                              • 18A \uc218\uc728\uc774 \ub0b4\ubd80 \uc608\uc0c1\ubcf4\ub2e4 \ube60\ub974\uac8c \uc5c5\uacc4 \ud45c\uc900 \uc218\uc900\uc73c\ub85c \uc62c\ub77c\uac00\ub294 \uc911\uc784<\/li>\n\n\n\n
                              • 18A \ud074\ub77c\uc774\uc5b8\ud2b8 CPU \ube44\uc911\uc774 1\ubd84\uae30 5% \ubbf8\ub9cc\uc5d0\uc11c \uc774\uc81c \ud074\ub77c\uc774\uc5b8\ud2b8 CPU \ub9e4\ucd9c\uc758 \uc57d 1\/3\uc774 \ub410\uc74c<\/li>\n\n\n\n
                              • \uafb8\uc900\ud788 \uc774\uc775\uc744 \ub0b4\ub294 \ud30c\uc6b4\ub4dc\ub9ac\uac00 \ub418\ub824\uba74 \uc544\uc9c1 \uac08 \uae38\uc774 \uba40\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

                                4. 4\ubd84\uae30 \uac00\uc774\ub358\uc2a4\uc640 \uc804\ub9dd<\/h3>\n\n\n\n
                                  \n
                                • \ub9e4\ucd9c $150~160\uc5b5<\/strong>, \uc911\uac04\uac12 \uae30\uc900 \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 38%, EPS $0.25 (\ubaa8\ub450 Non-GAAP)\n
                                    \n
                                  • \uc774\uc2a4\ub77c\uc5d8 Fab 28 \uc0ac\uace0 \uc601\ud5a5\uc73c\ub85c \ub9e4\ucd9c \uc57d -$3\uc5b5, \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 -2%p \ubc18\uc601. \uac70\uc758 \uc804\ubd80 10nm \uc11c\ubc84 \uc81c\ud488\uc784<\/li>\n\n\n\n
                                  • \uc774\uc2a4\ub77c\uc5d8 \uacf5\uc7a5\uc740 \uc57d 2\uc8fc \uac00\ub3d9 \uc911\ub2e8 \ud6c4 \uc774\ubc88 \uc8fc \ub9d0 \uc7ac\uac00\ub3d9 \uc608\uc815. 1\ubd84\uae30\uc5d0\ub3c4 \ube44\uc2b7\ud558\uac8c \uc57d $3\uc5b5 \uc601\ud5a5<\/strong> \uc608\uc0c1<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                  • \ubd80\ubb38\ubcc4<\/strong>\n
                                      \n
                                    • DCAI\ub294 \uc804 \ubd84\uae30 \ub300\ube44 10%\ub300 \uc911\ubc18 \uc131\uc7a5, \ub9de\ucda4\ud615 \uce69\uc740 \uadf8\ubcf4\ub2e4 \ub354 \ube60\ub974\uac8c \uc131\uc7a5<\/li>\n\n\n\n
                                    • CCPG\ub294 \uc804 \ubd84\uae30 \ub300\ube44 20% \ub118\uac8c \uac10\uc18c<\/strong>. \uace0\uac1d\uc0ac\ub4e4\uc774 \ube60\ub974\uac8c \uc7ac\uace0\ub97c \uc904\uc774\uace0 \uc788\uae30 \ub54c\ubb38\uc784<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                    • \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 \ud558\ub77d\uc740 \ub9e4\ucd9c\uc774 \uc904\uc5b4\ub4dc\ub294 \ub370 \uace0\uc815\ube44\ub294 \uadf8\ub300\ub85c\uc774\uace0, PC\uc6a9 \uc6e8\uc774\ud37c \ud22c\uc785\uc744 \uc904\uc774\uae30 \ub54c\ubb38\uc774\ub77c\uace0 \ud568<\/li>\n\n\n\n
                                    • \uc601\uc5c5\ube44\uc6a9 4\ubd84\uae30 \uc57d $44\uc5b5, \uc5f0\uac04 \uc57d $163\uc5b5<\/li>\n\n\n\n
                                    • \uc2dc\uc7a5 \uc804\ub9dd<\/strong>\n
                                        \n
                                      • \uc5c5\uacc4 \uc11c\ubc84 CPU \ucd9c\ud558\ub7c9\uc774 2026\ub144, 2027\ub144 \uac01\uac01 30% \ub118\uac8c<\/strong> \ub298 \uac83. \uacf5\uae09\ub9cc \ub354 \uc788\uc73c\uba74 \ub354 \ub298\uc5c8\uc744 \uac83\uc774\ub77c\uace0 \ud568<\/li>\n\n\n\n
                                      • \uc5c5\uacc4 \uacf5\uae09 \ubd80\uc871\uc740 2027\ub144 \ub0b4\ub0b4, 2028\ub144\uae4c\uc9c0 \uc774\uc5b4\uc9c8 \uac83\uc73c\ub85c \ubd04<\/li>\n\n\n\n
                                      • PC \ucd9c\ud558\ub7c9\uc740 2026\ub144 \uc57d -12%(\ud558\ubc18\uae30 -20% \uc774\uc0c1), 2027\ub144 \uc57d -10%<\/strong> \uc608\uc0c1<\/li>\n\n\n\n
                                      • \uba54\ubaa8\ub9ac \uacf5\uae09\uc774 \ub098\uc544\uc9c0\uace0 \uac00\uaca9\uc774 \uc815\uc0c1\ud654\ub418\uae30 \uc804\uae4c\uc9c0 PC\uc758 \uc9c0\uc18d\uc801 \ud68c\ubcf5\uc740 \uc5c6\ub2e4\uace0 \ubd04<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                      • CFO\ub294 2027\ub144\uc744 “\uc131\uc7a5\uc758 \ud574”\ub85c \ubcf4\uc9c0\ub9cc, \uc0c1\ubc18\uae30\ub294 \uc6e8\uc774\ud37c\u00b7\uae30\ud310 \ubd80\uc871\uc73c\ub85c \uc5ec\uc804\ud788 \ube61\ube61\ud558\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n\n\n\n

                                        5. \ud30c\uc6b4\ub4dc\ub9ac\uc640 \uacf5\uae09 \ud655\ub300<\/h3>\n\n\n\n
                                          \n
                                        • 18A-P<\/strong>: \uc5f0\ub9d0\uae4c\uc9c0 \ub0b4\ubd80 \uc81c\ud488\uc6a9\uc73c\ub85c \ucd9c\uc2dc \uc608\uc815. \uc678\ubd80 \uace0\uac1d 2\uacf3 \uc815\ub3c4\uc640 \ud611\uc758 \uc911\uc774\uace0, \uc218\uc728\uc5d0 \ub9cc\uc871\ud558\uace0 \uc788\ub2e4\uace0 \ud568<\/li>\n\n\n\n
                                        • 14A<\/strong>: 10\uc6d4\uc5d0 0.9 \ubc84\uc804 \uc124\uacc4 \ud0a4\ud2b8(PDK)\ub97c \uc77c\ubd80 \uace0\uac1d\uc5d0\uac8c \ubc30\ud3ec\ud588\uace0, 1.0 \ubc84\uc804\uc740 \ub0b4\ub144 1\ubd84\uae30 \uc608\uc815. 2027\ub144 \uc2dc\ud5d8 \uc0dd\uc0b0(risk production), 2028\ub144 \uc591\uc0b0 \ubaa9\ud45c\n
                                            \n
                                          • \uace0\uac1d \uc774\ub984\uc740 \uc5c5\uacc4 \uad00\ud589\uc0c1 \ubc1d\ud788\uc9c0 \uc54a\ub294\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                          • \ucca8\ub2e8 \ud328\ud0a4\uc9d5(EMIB, EMIB-T)<\/strong>: \uc678\ubd80 \uace0\uac1d \ubc18\uc751\uc774 \uc88b\uace0, \ud5a5\ud6c4 2\uac1c \ubd84\uae30 \uc548\uc5d0 \uace0\uac1d \uba87 \uacf3\uc744 \ubc1c\ud45c\ud560 \uc218 \uc788\uc744 \uac83<\/strong>\uc774\ub77c\uace0 \ud568<\/li>\n\n\n\n
                                          • \uc99d\uc124<\/strong>\n
                                              \n
                                            • \uc544\uc77c\ub79c\ub4dc Intel 3, \uc624\ub9ac\uac74\u00b7\uc560\ub9ac\uc870\ub098 18A(\ub450 \ubc88\uc9f8 18A \uc591\uc0b0 \ud339\uc778 Fab 62 \ud3ec\ud568) \uc124\uce58 \uc9c4\ud589 \uc911<\/li>\n\n\n\n
                                            • \uc624\ub9ac\uac74\uc758 18A \uc6e8\uc774\ud37c \uc77c\ubd80\ub97c Intel 3\ub85c \ub3cc\ub824 \ub0b4\ub144 \ud558\ubc18\uae30\ubd80\ud130 \uc11c\ubc84\uc6a9\uc73c\ub85c \uc0dd\uc0b0<\/strong>\ud560 \uc608\uc815<\/li>\n\n\n\n
                                            • \ub274\uba55\uc2dc\ucf54\u00b7\ub9d0\ub808\uc774\uc2dc\uc544\ub294 \ub0b4\ub144 \ud328\ud0a4\uc9d5 \uc218\uc694\ub97c \uc704\ud574 \uc99d\uc124 \uc911<\/li>\n\n\n\n
                                            • \uc624\ud558\uc774\uc624 \ud339\uc740 \uac74\uc124 \uc9c4\ud589 \uc911\uc774\uace0, \uc77c\uc815\uc744 \uc55e\ub2f9\uae38 “\ub3c5\ud2b9\ud55c \uae30\ud68c”\ub97c \uac80\ud1a0 \uc911\uc774\ub77c\uace0 \ud568<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                            • \uae30\ud310 \uc0dd\uc0b0\ub2a5\ub825\uc744 40% \ub298\ub9ac\ub294 \uacc4\uc57d\uc744 \ud588\uc9c0\ub9cc, \ub300\ubd80\ubd84 \ub0b4\ub144 \ud558\ubc18\uae30\ubd80\ud130 \ud6a8\uacfc\uac00 \ub09c\ub2e4\uace0 \ud568<\/li>\n\n\n\n
                                            • Oracle \uc678\uc5d0\ub3c4 \uc5ec\ub7ec \uace0\uac1d\uc774 CPU \ubb3c\ub7c9 \ud655\ubcf4\ub97c \uc704\ud574 \uc7a5\uae30\uacf5\uae09\uacc4\uc57d(LTA)\uc744 \ub9fa\uace0 \uc2f6\uc5b4 \ud55c\ub2e4\uace0 \ud568<\/li>\n<\/ul>\n\n\n\n

                                              6. \uc8fc\uc8fc\ud658\uc6d0 \/ \uc7ac\ubb34<\/h3>\n\n\n\n
                                                \n
                                              • \uc774\ubc88 \ucf5c\uc5d0\uc11c\ub294 \ubc30\ub2f9\uc774\ub098 \uc790\uc0ac\uc8fc \ub9e4\uc785 \uad00\ub828 \uc5b8\uae09\uc774 \uc5c6\uc5c8\uc74c<\/strong><\/li>\n\n\n\n
                                              • CAPEX<\/strong>: 2026\ub144 \ucd1d $200\uc5b5 \uc720\uc9c0, 2027\ub144\uc740 “\ud06c\uac8c \uc99d\uac00”<\/strong> \uc608\uc815\n
                                                  \n
                                                • \uc7a5\ube44 \uc5c5\uccb4\uc5d0 \ub0b8 \ud655\uc815 \ubc1c\uc8fc\uac00 \uc804 \ubd84\uae30 \ub300\ube44 \uc57d 40% \ub298\uc5c8\uc74c<\/li>\n\n\n\n
                                                • \uc9c0\uae08\uc740 \uc9c0\ucd9c \ub300\ubd80\ubd84\uc774 \uac74\ubb3c\uc774 \uc544\ub2c8\ub77c \uc7a5\ube44\uc784 (\uc624\ud558\uc774\uc624\ub9cc \uc608\uc678\ub85c \uc544\uc9c1 \uac74\uc124 \uc911)<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                                • 2027\ub144 \uc789\uc5ec\ud604\uae08\ud750\ub984(FCF)\uc740 \ub9c8\uc774\ub108\uc2a4 \uc608\uc0c1<\/strong>\n
                                                    \n
                                                  • 18A\u00b7Intel 3 \uc99d\uc0b0\uacfc 14A \uc900\ube44\uac00 \ud55c \ud574\uc5d0 \uacb9\uce58\ub294 “\ud22c\uc790\uc758 \ud574”\ub77c\uace0 \ud568<\/li>\n\n\n\n
                                                  • 8\uc6d4 $230\uc5b5 \uc720\uc0c1\uc99d\uc790\uac00 \ubc14\ub85c \uc774\uac78 \uc704\ud55c \uc790\uae08\uc774\uc5c8\ub2e4\uace0 \uc124\uba85\ud568<\/li>\n\n\n\n
                                                  • \uacf5\uc815\ubcc4 \ud22c\uc790\uc218\uc775\ub960(ROI) \ucd5c\uc18c 20%\ub97c \ubaa9\ud45c\ub85c \ud558\uace0, Intel 7\uc740 \uc774\ubbf8 \ud751\uc790, Intel 3\ub294 \ub0b4\ub144 \ud751\uc790 \uc608\uc0c1<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                                                  • \ud22c\uc790\ub294 \ub298\uc5b4\ub3c4 2027\ub144\uc5d0 \ubd80\ucc44\ub97c \uc904\uc774\uaca0\ub2e4\ub294 \uc57d\uc18d\uc740 \uc720\uc9c0\ud568<\/li>\n\n\n\n
                                                  • 4\ubd84\uae30 \ud76c\uc11d \uc8fc\uc2dd \uc218 54.4\uc5b5 \uc8fc(8\uc6d4 \uc99d\uc790\ubd84\uc774 \ud55c \ubd84\uae30 \ub0b4\ub0b4 \ubc18\uc601\ub428)<\/li>\n\n\n\n
                                                  • \ube44\uc9c0\ubc30\uc9c0\ubd84(NCI)\uc740 4\ubd84\uae30 \uc57d $2.5\uc5b5, 2027\u00b72028\ub144 \uac01\uac01 \uc57d $11\uc5b5 \uc608\uc0c1<\/li>\n<\/ul>\n\n\n\n

                                                    7. \uc9c8\uc758\uc751\ub2f5 \ud575\uc2ec<\/h3>\n\n\n\n
                                                    \uc9c8\ubb38\uc790<\/th>\uc9c8\ubb38<\/th>\ub2f5\ubcc0 \uc694\uc57d<\/th><\/tr><\/thead>
                                                    UBS<\/td>2027\ub144 \ud070 \uadf8\ub9bc\uc740?
                                                    2027\ub144 FCF\ub294 \ud50c\ub7ec\uc2a4\uc778\uac00?<\/td>                                                    		2027\ub144\uc740 \uc131\uc7a5\uc758 \ud574.
                                                    \uc11c\ubc84\ub294 \uc0c1\ubc18\uae30\uae4c\uc9c0 \uacf5\uae09\uc774 \ube61\ube61\ud558\uace0 \ud558\ubc18\uae30\ubd80\ud130 \ud480\ub9bc.
                                                    \ub9de\ucda4\ud615 \uce69\uc740 3\ub144\uac04 3\ubc30 \uc131\uc7a5 \uc608\uc0c1.
                                                    PC\ub294 \uc7ac\uace0 \uc870\uc815\uc774 \ucd5c\uc18c 1\ubd84\uae30\uae4c\uc9c0 \uc774\uc5b4\uc9d0.
                                                    2027\ub144 FCF\ub294 \ud50c\ub7ec\uc2a4\uac00 \uc544\ub2d0 \uac83<\/strong>\uc774\ub77c\uace0 \ud568<\/td><\/tr>
                                                    \uba5c\ub9ac\uc5b4\uc2a4<\/td>\uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \uc57d $18\uc5b5 \ub0ae\uc740 \uac00\uc774\ub358\uc2a4, \uc694\uc778\ubcc4 \ud06c\uae30\ub294?<\/td>\uc774\uc2a4\ub77c\uc5d8 \uc0ac\uace0\ub294 4\ubd84\uae30\u00b71\ubd84\uae30 \uac01\uac01 \uc57d $3\uc5b5.
                                                    \uc6e8\uc774\ud37c \ud3d0\uae30\ub294 \ub300\ubd80\ubd84 4\ubd84\uae30\uc5d0 \ubc18\uc601\ub428.
                                                    PC\ub294 4\ubd84\uae30 \uc218\uc900\uc5d0\uc11c 1\ubd84\uae30\uc5d0 \uacc4\uc808\uc801\uc73c\ub85c \ud55c \ubc88 \ub354 \uac10\uc18c.
                                                    Intel 3 \ucd94\uac00 \uc0dd\uc0b0\uc740 \ub0b4\ub144 \ud558\ubc18\uae30\ubd80\ud130<\/td><\/tr>
                                                    \ubaa8\uac74\uc2a4\ud0e0\ub9ac<\/td>PC \uc57d\uc138\ub85c \uc6e8\uc774\ud37c\ub97c \uc11c\ubc84\ub85c \ub3cc\ub9b4 \uc218 \uc788\ub098?
                                                    \uc11c\ubc84 \uc810\uc720\uc728\uc740?<\/td>                                                    		\uac00\ub2a5\ud558\uace0, \uadf8\ub798\uc11c 18A \uc77c\ubd80\ub97c Intel 3(\uc11c\ubc84)\ub85c \ub3cc\ub9bc.
                                                    \ub2e4\ub9cc \uae30\ud310\ub3c4 \ubd80\uc871\ud568.
                                                    \ub0b4\ub144 \uc810\uc720\uc728\uc740 \uacb0\uad6d \uacf5\uae09\uc744 \uc5bc\ub9c8\ub098 \ud655\ubcf4\ud558\ub290\ub0d0\uc5d0 \ub2ec\ub838\uc74c.
                                                    Coral Rapids\ub294 AMD\uc640 \ub300\ub4f1, \uadf8\ub2e4\uc74c \uc138\ub300\ub294 \uc55e\uc124 \uac83\uc774\ub77c\uace0 \ud568<\/td><\/tr>
                                                    \ubc88\uc2a4\ud0c0\uc778<\/td>2027\ub144 \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960\uc740?
                                                    \uba54\ubaa8\ub9ac \uacf5\uae09\uc774 \ub098\uc544\uc9c8 \uac70\ub77c\ub294 \uadfc\uac70\ub294?<\/td>                                                    		\ub298\uc5b4\ub09c \ub9e4\ucd9c\uc758 40~60%\uac00 \ub9e4\ucd9c\ucd1d\uc774\uc775\uc73c\ub85c \ub0a8\ub3c4\ub85d \ud558\ub294 \uac8c \ubaa9\ud45c\ub77c, \uc131\uc7a5\ud558\uba74 \ub9c8\uc9c4\ub3c4 \uc624\ub984.
                                                    \ub9de\ucda4\ud615 \uce69\uc740 \ub9c8\uc9c4\uc774 \ud3c9\uade0\ubcf4\ub2e4 \ub0ae\uc9c0\ub9cc \ub9e4\ucd9c\ucd1d\uc774\uc775 \uaddc\ubaa8\ub97c \ud0a4\uc6b0\ub294 \ub370 \uc9d1\uc911\ud568.
                                                    \uba54\ubaa8\ub9ac\ub294 2027\ub144\uc5d0\ub3c4 \ub098\uc544\uc9c0\uc9c0 \uc54a\uc744 \uac83<\/strong>\uc73c\ub85c \ubcf4\uace0, \uc7ac\uace0 \uc870\uc815\uc740 4\ubd84\uae301\ubd84\uae30(\uc77c\ubd80 2\ubd84\uae30)\uc5d0 \uc9d1\uc911\ub428<\/td><\/tr>
                                                    BofA<\/td>DCAI 4\ubd84\uae30 \uc57d $85\uc5b5, \uc5f0 \ud658\uc0b0 $300\uc5b5\ub300 \uc911\ubc18\uc774 2027\ub144\uc758 \ubc14\ub2e5\uc778\uac00?
                                                    \uc678\ubd80 \ud30c\uc6b4\ub4dc\ub9ac \uace0\uac1d\uc740?<\/td>                                                    		\uc88b\uc740 \ucd9c\ubc1c\uc810\uc774\ub77c\uace0 \ud568.
                                                    \uc0c1\ubc18\uae30\ub294 \ube61\ube61\ud558\uace0 \ud558\ubc18\uae30\uc5d0 \uacf5\uae09\uc774 \ud480\ub9bc.
                                                    \ud328\ud0a4\uc9d5 \uace0\uac1d\uc740 \ud5a5\ud6c4 2\uac1c \ubd84\uae30 \uc548\uc5d0 \ubc1c\ud45c \uc608\uc815.
                                                    18A-P\uc5d0\ub3c4 \uc678\ubd80 \uace0\uac1d \uad00\uc2ec\uc774 \uc788\uc74c.
                                                    14A 1.0 PDK\ub294 \ub0b4\ub144 1\ubd84\uae30<\/td><\/tr>
                                                    JP\ubaa8\uac74<\/td>GPU \ud50c\ub7ab\ud3fc \ud655\ub300\ub85c 1\ubd84\uae30 DCAI\ub3c4 \uc131\uc7a5\ud558\ub098?
                                                    Panther Lake \ub9c8\uc9c4\uc740?<\/td>                                                    		1\ubd84\uae30 \uac00\uc774\ub358\uc2a4\ub294 \uc544\ub07c\uc9c0\ub9cc CPU \uc218\uc694\ub294 \ub0b4\ub144 \ub0b4\ub0b4 \uac15\ud568.
                                                    \uc5ec\ub7ec \uace0\uac1d\uc774 LTA\ub97c \uc6d0\ud568.
                                                    Panther Lake \ub9c8\uc9c4\uc740 \ud06c\uac8c \uc88b\uc544\uc84c\uc9c0\ub9cc \uc544\uc9c1 \ud68c\uc0ac \ud3c9\uade0 \uc544\ub798<\/td><\/tr>
                                                    \uce94\ud130 \ud53c\uce20\uc81c\ub7f4\ub4dc<\/td>CAPEX\ub294 \uc7a5\ube44\uc778\uac00 \uac74\ubb3c\uc778\uac00?
                                                    PC \uace0\uac00\u00b7\uc800\uac00 \uc81c\ud488 \ube44\uc911 \ubcc0\ud654\ub294?<\/td>                                                    		\uc9c0\uae08\uc740 \ub300\ubd80\ubd84 \uc7a5\ube44\uc774\uace0 \uc624\ud558\uc774\uc624\ub9cc \uac74\uc124 \uc911.
                                                    Wildcat Lake(\uc800\uac00\ud615)\uac00 \uc2dc\uae30\uc801\uc73c\ub85c \uc798 \ub9de\uc558\uace0, \ub0b4\ub144 Nova Lake\uac00 \uace0\uc131\ub2a5 \ub370\uc2a4\ud06c\ud1b1 \uacf5\ubc31\uc744 \uba54\uc6cc\uc11c \uc810\uc720\uc728\uc774 \uc624\ub97c \uac83\uc73c\ub85c \ubd04<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                                                    Tags: Intel \u00b7 \ubd84\uc11d \u00b7 \uc5b4\ub2dd\ucf5c \uc815\ub9ac<\/p>\n","protected":false},"excerpt":{"rendered":"

                                                    1. \uc2e4\uc801 \uc694\uc57d \ud56d\ubaa9 \uae08\uc561 \ub9e4\ucd9c $165\uc5b5 \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 (Non-GAAP) 44.1% (\uc804 \ubd84\uae30\u00b7\uac00\uc774\ub358\uc2a4 \ub300\ube44 \uc57d +2%p) EPS (Non-GAAP) $0.52 (\uac00\uc774\ub358\uc2a4 $0.38) \uc601\uc5c5\ud604\uae08\ud750\ub984 $51\uc5b5 \ud604\uae08\u00b7\ub2e8\uae30\ud22c\uc790 \uc57d $540\uc5b5 + \uc2e0\uc6a9\ud55c\ub3c4 $150\uc5b5 (\uae30\uc874 $100\uc5b5\uc5d0\uc11c \ud655\ub300) \uc720\uc0c1\uc99d\uc790 8\uc6d4 $230\uc5b5 2. CEO \ubc1c\ud45c: \uc11c\ubc84 CPU \uc218\uc694 \ud3ed\ubc1c, PC\ub294 \uaebe\uc784 3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80 \ubd80\ubb38 \ub9e4\ucd9c \uc131\uc7a5\ub960 \/ \uc774\uc775 DCAI (\uc11c\ubc84\u00b7AI) $73\uc5b5 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[38],"tags":[100,104],"class_list":["post-373","post","type-post","status-publish","format-standard","hentry","category-38","tag-100","tag-104"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"blogsy-small":false,"blogsy-small-tall":false,"blogsy-small-square":false,"blogsy-small-masonry":false,"blogsy-medium":false,"blogsy-medium-masonry":false,"blogsy-large":false,"blogsy-wide":false},"uagb_author_info":{"display_name":"Arphile","author_link":"https:\/\/www.arphile.net\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"1. \uc2e4\uc801 \uc694\uc57d \ud56d\ubaa9 \uae08\uc561 \ub9e4\ucd9c $165\uc5b5 \ub9e4\ucd9c\ucd1d\uc774\uc775\ub960 (Non-GAAP) 44.1% (\uc804 \ubd84\uae30\u00b7\uac00\uc774\ub358\uc2a4 \ub300\ube44 \uc57d +2%p) EPS (Non-GAAP) $0.52 (\uac00\uc774\ub358\uc2a4 $0.38) \uc601\uc5c5\ud604\uae08\ud750\ub984 $51\uc5b5 \ud604\uae08\u00b7\ub2e8\uae30\ud22c\uc790 \uc57d $540\uc5b5 + \uc2e0\uc6a9\ud55c\ub3c4 $150\uc5b5 (\uae30\uc874 $100\uc5b5\uc5d0\uc11c \ud655\ub300) \uc720\uc0c1\uc99d\uc790 8\uc6d4 $230\uc5b5 2. CEO \ubc1c\ud45c: \uc11c\ubc84 CPU \uc218\uc694 \ud3ed\ubc1c, PC\ub294 \uaebe\uc784 3. \ubd80\ubb38\ubcc4 \uc2e4\uc801 \uc138\ubd80 \ubd80\ubb38 \ub9e4\ucd9c \uc131\uc7a5\ub960 \/ \uc774\uc775 DCAI (\uc11c\ubc84\u00b7AI) $73\uc5b5…","_links":{"self":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=373"}],"version-history":[{"count":2,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/373\/revisions"}],"predecessor-version":[{"id":382,"href":"https:\/\/www.arphile.net\/index.php?rest_route=\/wp\/v2\/posts\/373\/revisions\/382"}],"wp:attachment":[{"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arphile.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}