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Intel CEO Commits to Lead Tech Inflections, Play Bigger Role in Customer Success, Focus on Profitability

  • Gregory Bryant, senior vice president and general manager of the
  • George Davis, executive vice president and the chief financial o
  • Raja Koduri, senior vice president of the Core and Visual Comput
  • Navin Shenoy, executive vice president and general manager of th
  • Bob Swan, Intel’s chief executive officer, speaks at the 2019
  • Sandra Rivera, senior vice president and general manager of the
  • Dr. Murthy Renduchintala, Intel’s chief engineering officer an

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Wall Street analysts gathered at Intel headquarters in Santa Clara, California, today for the company’s 2019 Investor Meeting, which featured executive keynotes by Intel CEO Bob Swan and business unit leaders.

Swan said demand for the analysis, transmission and storage of data is growing at a faster rate than at any time in history. He cited Intel’s unmatched collection of assets as key to winning share in a nearly $300 billion total addressable market (TAM) for silicon by 2023.Intel estimates the creation of data is increasing 25 percent each year, driving a 50 percent compound annual growth rate (CAGR) in demand for computing.

“We are very focused on leading technology inflections that will accelerate and create demand for data – AI, 5G and autonomous,” Swan said. “We believe in an expanded market opportunity we can play a bigger role in the success of our customers. Our emphasis is on improving execution, accelerating innovation and evolving our strong culture while making disciplined investments in pursuit of profitable growth.”

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“We believe in an expanded market opportunity we can play a bigger role in the success of our customers,” says Intel CEO Bob Swan at the 2019 Intel Investor Meeting on Wednesday, May 8, 2019, in Santa Clara, California. “Our emphasis is on improving execution, accelerating innovation and evolving our strong culture while making disciplined investments in pursuit of profitable growth.” (Credit: Intel Corporation)
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Extending Product leadership for the Data-centric Era: Intel has redefined its product innovation model for the data-centric era of computing, which requires workload-optimized platforms and effortless customer and developer innovation. Intel discussed products like the 2019 “Lakefield” hybrid CPU that showcases Intel’s differentiated design capabilities, and said the company’s pace of innovation was increasing.

Intel’s Data Center Group expects to introduce a new Intel® Xeon® product every four to five quarters with plans to ship a 10nm-based “Ice Lake” server CPU in the first half of 2020. In the PC-centric business, Intel discussed several products in flight including “Tiger Lake,” a 10nm-based CPU planned for 2020 that will feature a new CPU core architecture, an Intel Xe graphics engine, support for the latest display technology and more.

With a range of 10nm-based products planned for 2019 and 2020, Intel’s 7nm process is also well underway. Intel’s first 7nm-based product, an Intel XArchitecture-based GP-GPU for data center artificial intelligence (AI) and high-performance computing (HPC), is expected to launch in 2021.

» 2019 Investor Meeting: Intel Previews Design Innovation; 10nm CPU Ships in June; 7nm Product in 2021

Leading Technology Inflections: The opportunity to turn data into business value is driving key technology inflections that Intel aims to lead like AI, 5G network infrastructure and autonomous driving.

  • AI is a fast-growing workload, especially in the data center. Intel estimates the TAM for AI silicon in the data center is growing at a 25 percent CAGR and is expected to reach $10 billion by 2023. In 2018, Intel captured roughly 40 percent of the current estimated $4 billion data center AI silicon opportunity, achieving $1.7 billion in AI revenue. The company aims to expand its prospects with an exciting range of AI-optimized products including the new 2nd Gen Intel® Xeon® Scalable processor, programmable solutions and purpose-built chips like the forthcoming Intel® Nervana™ Neural Network Processors.
  • 5G will usher in the convergence of computing and communications in the network and at the network edge. Intel estimates the TAM for silicon in the network and edge (including network silicon, internet of things and autonomous cars) will grow to $65 billion by 2023. In 2018, Intel’s revenue associated with this grew more than 20% to $9.5 billion.
  • Autonomous driving is another major tech inflection that Intel is poised to lead by building on Mobileye’s strong momentum in advanced driver-assistance systems (ADAS). Mobileye CEO Professor Amnon Shashua told investors that in addition to providing the technology to safely power autonomous cars, Mobileye is pursuing new revenue streams including the monetization of mapping dataand mobility-as-a-service. Shashua said, “Transportation as a service, enabled by robotaxis, is a game changer for mobility, and I’m here to tell you that we plan to go all in on the global robotaxi opportunity.” You can learn more in this video:

Additional Investor Meeting Information: Intel described a three-year financial plan to achieve 2021 total revenue between $76 billion and $78 billion while growing free cash flow and reducing spending. The company also signaled its ambition to achieve $85 billion in total revenue by 2022-2023.

Presentations from today’s meeting will be posted on Intel’s Investor Relations website.

The Small Print:

1Intel calculated 2023 total addressable market opportunities derived from industry analyst reports and internal estimates.

Forward-Looking Statements: Intel’s financial plan and other statements in this release that refer to future plans and expectations, including with respect to Intel’s future technologies and the expected benefits of such technologies, are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” “will,” “would,” “should,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to total addressable market (TAM) or market opportunity, future products and the expected availability and benefits of such products, and anticipated trends in our businesses or the markets relevant to them, also identify forward-looking statements. Such statements are based on current expectations and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially from the company’s expectations are set forth in Intel’s most recent earnings release dated April 25, 2019, which is included as an exhibit to Intel’s Form 8-K furnished to the SEC on such date. Additional information regarding these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent reports on Forms 10-K and 10-Q. Copies of Intel’s Form 10-K, 10-Q and 8-K reports may be obtained by visiting our Investor Relations website at www.intc.comor the SEC’s website at

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