Since Intel announced its second quarter results, the company has been in the spotlight, and there have been many rumors and speculations about Intel in the industry. In the early morning of September 17, Intel CEO Pat Gelsinger issued a letter to employees, outlining the next phase of Intel's transformation plan.
The following is the original letter:
Last week's board meeting was very productive and supportive. We have a strong board of independent directors whose job is to challenge and drive us to perform at our best. We discussed in depth the company's strategy, product portfolio, and the immediate progress being made in accordance with the plan announced on August 1.
The board and I agree that we still have a lot of work to do to improve efficiency, profitability, and market competitiveness - there are three key directions I would like to highlight:
1. We must continue to drive Intel's momentum in the foundry field and improve the capital efficiency of our business segment as we are about to launch Intel 18A.
2. We must act with more urgency to create a more competitive cost structure and achieve the $1 billion savings target we announced last month.
3. Must focus on a strong x86 architecture, drive AI strategy, and simplify the product portfolio to serve Intel's customers and partners.
We have several news to share that support these priorities.
Since Intel announced its second quarter results, the company has been in the spotlight, and there have been many rumors and speculations about Intel in the industry. In the early morning of September 17, Intel CEO Pat Gelsinger issued a letter to employees, outlining the next phase of Intel's transformation plan.
The following is the original letter:
Last week's board meeting was very productive and supportive. We have a strong board of independent directors whose job is to challenge and drive us to perform at our best. We discussed in depth the company's strategy, product portfolio, and the immediate progress being made in accordance with the plan announced on August 1.
The board and I agree that we still have a lot of work to do to improve efficiency, profitability, and market competitiveness - there are three key directions I would like to highlight:
1. We must continue to drive Intel's momentum in the foundry field and improve the capital efficiency of our business segment as we are about to launch Intel 18A.
2. We must act with more urgency to create a more competitive cost structure and achieve the $1 billion savings target we announced last month.
3. Must focus on a strong x86 architecture, drive AI strategy, and simplify the product portfolio to serve Intel’s customers and partners.
We have several news to share that support these priorities.
AWS selects Intel for EMS
Intel EMS becomes independent subsidiary
More efficient Intel Foundry manufacturing construction
Focus on a strong x86 product portfolio