Intel CEO says company taking actions to streamline Intel Products portfolio

Intel CEO Pat Gelsinger also said in a note to staff that the company is taking actions to “strengthen and streamline our Intel Products portfolio, where we have identified clear opportunities to drive greater focus, speed and efficiency.” “Our top priority is to maximize the value of our x86 franchise across client, edge and data center markets, including with a broader range of custom chiplets and other customized offerings that meet emerging customer needs, as demonstrated by today’s AWS announcement,” Gelsinger said. “Our AI investments-including continued leadership of the AI PC category, our strong position with AI in data center, and our accelerator portfolio-will leverage and complement our x86 franchise with a focus on enterprise, cost-efficient inferencing. Alongside this, we are taking steps toward simplifying our portfolio to unlock efficiency, accelerate innovation and deliver more integrated solutions. This includes moving our Edge and Automotive businesses into CCG, where we have a big opportunity to leverage our core client business and extend our leadership in the AI PC category to a wide range of vertical edge solutions. In NEX, we will be focusing the business on networking and telco. And we are moving Integrated Photonics Solutions into DCAI as we focus on driving a more focused R&D plan that’s fully aligned with our top business priorities. In addition, we are integrating our Software and Incubation business into our core business units to foster more integrated roadmaps, unlock efficiencies and create value.”