Intel CEO Brian Krzanich outlines his broad strategy for the company's future
Intel CEO Brian Krzanich is in charge of the world's largest semiconductor company that is currently running full speed on its restructuring plans. This should be no surprise as Intel essentially missed the gravy train on the lucrative mobile market and is now looking to respond more quickly to market changes to avoid another missed opportunity. The latest earnings report from the company showed that revenue has been on a decline.
Intel's new target: Become the leader of a smart, connected world
The Intel restructuring includes cutting over 12000 jobs worldwide and a reshuffling of divisions to focus on what the company believes will be key components of a connected future. Simply providing new and updated hardware like processors for PCs and laptops are no longer sufficient according to Krzanich.
The five pillars of Intel: Cloud & Data Center, FPGA, Memory, Think & Devices, and Moore's Law
Krzanich summarizes his plans for the future of Intel:
- Cloud: The cloud and its related data centers and server processors are the linchpin to the company's vision of a "smart and connected world" and will be a major division for Intel.
- IoT: The "Internet of Things" will continue to create wearable microchips optimized for connectivity to be closely linked to the cloud. PC Clients and businesses will also play their parts in a "connected world".
- Memory and FPGA: Faster research and development on new cloud solutions and memory technologies like 3D XPoint will be essential in driving the concept of IoT.
- 5G: Intel wants to push forward with the successor to LTE in order to provide reliable connectivity between wearables, autonomous vehicles, and the cloud.
- Moore's Law: Intel has acknowledged during its latest quarterly results that the self-fulfilling trend in its current state has become more and more difficult for the company to follow. While structural and architectural reductions are becoming more complicated, Intel will still invest in R&D to remain the leader in silicon manufacturing technology.