IBM trims revenue outlook as hardware demand reshapes client spending

IBM lowered its full-year revenue growth target after a second-quarter miss, saying clients shifted spending toward scarce hardware and away from software deals. Management framed the weakness as delayed demand rather than lost business, while reaffirming free cash flow growth, margin expansion plans, and confidence in the company’s long-term software and mainframe franchises.

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Intel 18A adopts High-NA EUV in dual-certification push

Intel Foundry has moved high numerical aperture (High-NA) EUV lithography into production on its Intel 18A process, with ASML confirming in a recent press release that Intel is using the expensive next-generation tool on selected layers of its latest notebook processors, including Panther Lake and the Core Ultra Series 3 built on Intel’s 18A technology. The move comes years earlier than Intel’s original roadmap, but it currently remains in use for some layers of the 18A process is not replacing standard Low-NA EUV equipment.

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