Intel CEO Krzanich Outlines Company's Strategy Around Cloud, IoT
A week after the chip maker announced 12,000 job cuts, CEO Brian Krzanich cited Intel's opportunities and the continued strength of Moore's Law.The future of Intel, which over the past few decades has become the dominant supplier of processors to PCs around the world, lies in new and emerging markets like the cloud and the Internet of things, according CEO Brian Krzanich. In a blog posted on the Intel Website April 26, Krzanich said the company is in the process of evolving from a PC chip supplier to a vendor that is supplying the technology that not only drives the infrastructure for cloud computing and the billions of intelligent devices and systems that make up the Internet of things (IoT), but that also powers the connectivity crucial to the new digital world and will be the foundation for future innovations. And despite comments by some in the industry, it will be done while driving the continued advancement of Moore's Law, which the CEO said has much more life to it. "Our strategy itself is about transforming Intel from a PC company to a company that powers the cloud and billions of smart, connected computing devices," he wrote. "We head into that future with tremendous assets and advantages: our spirit of innovation, our technology and manufacturing leadership, and the trust of our customers."
Krzanich's blog comes after a tumultuous few months that most recently included the announcement last week that the world's largest chip maker will slash about 12,000 jobs—about 11 percent of the 107,000-plus-person workforce—as it accelerates its transformation. The company also has seen a significant shakeup in its leadership ranks, from the hiring of former Qualcomm executive Venkata "Murthy" Renduchintala to oversee such areas as client devices and the IoT to the departure of longtime Intel veterans Kirk Skaugen and Doug Davis (who will retire at the end of the year). Aicha Evans, corporate vice president and general manager of Intel's Communications and Devices Group, also was rumored to have resigned, although it was recently reported that Evans eventually decided to stay with Intel.