Components & Peripherals News
The 10 Biggest Intel News Stories Of 2023 (So Far)
Catch up with the most significant developments for Intel in the first half of 2023. The chipmaker’s biggest news stories so far this year include developments related to its fledgling GPU business, exits from noncore businesses, cuts to the company’s dividend and staff pay, and a change in how Intel runs its manufacturing business.
Pat Gelsinger is now more than two years into his tenure as Intel’s eighth CEO, and the pace of changes at the semiconductor giant has been almost as “relentless” as the company veteran’s desire to innovate and return the chipmaker to its former glory.
While Gelsinger has maintained that Intel is on track or ahead with his plan to surpass the chip manufacturing capabilities of Asian foundry giants TSMC and Samsung by 2025, he has had to lead the chipmaker under less-than-ideal conditions.
The Santa Clara, Calif.-based company has not only had to deal with a slowing economy that weakened demand for its chips so far this year, but it has also had to contend with rivals like AMD and Nvidia that continue to push out competitive products. The chipmaker faces another threat in the form of Arm, the chip architecture powering most of the world’s smartphones that is now finding increased adoption in the PC and server markets by Apple, Amazon Web Services and others.
“While the macro is challenging, and [there are] plenty of headwinds out there, we also believe that our execution on our financials, a beat on top and bottom line, great execution on our process and product road maps, and here we are, two years into my tenure, and the journey to date has had some unexpected bumps in the road,” Gelsinger said during Intel’s first-quarter earnings call in April.
“We are also beginning to see clear points that increase my confidence that we have the right strategy, the right team, and we are executing on this transformation,” he added.
What follows are the 10 biggest Intel news stories of 2023 so far, which include developments related to the company’s fledgling GPU business, exits from noncore businesses, cuts to the company’s dividend and staff pay, and a change in how Intel runs its manufacturing business, among other topics.