Intel saw Corona-driven demand spike in Q1 2020

In an interview with Bloomberg, Intel CEO Bob Swan noted that the chip maker saw a spike in chip demand in Q1 2020. While a lot of companies are heavily hit by the economic impact of the coronavirus pandemic, Intel says it benefitted from more demand.

With companies voluntarily sending employees home or being forced to let employees work from home as much as possible in various countries, there was an increase in laptop sales. Additionally, demand for server chips was also higher as companies and cloud service providers need more computing power.

“It’s somewhat logical and intuitive. Where our lives are disrupted and we need to do more and more things from our home, we need to ensure we have the technology at our disposal so things can go on as normal as possible,” Chief Executive Officer Bob Swan said Thursday in an interview with Bloomberg Television. “What that has meant is demand for more and more devices, including PCs, for parents to continue to conduct their work and for kids to continue their education.”