Intel knows it needs to ‘leapfrog’ ARM and AMD, says CEO Lip-Bu Tan
Chipzilla changes PC biz name to reflect belief edge and robots could be as valuable one day
Intel CEO Lip-Bu Tan has acknowledged that the semiconductor giant must catch up to rivals AMD and Arm, and said it now assumes edge AI and robotics will be a business as big as PCs.
Tan made those remarks during Intel’s Q2 earnings call, which saw the company report $16.1 billion revenue – a 25 percent year-on-year increase.
“Q2 was another quarter of solid execution,” the CEO said. “Revenue, gross margin, and earnings per share were above our guidance. This marks the seventh consecutive quarter of exceeding our financial expectations.” Yet it didn’t deliver a profit as Intel reported a GAAP loss of $11 billion (and a non-GAAP loss of $2.2 billion).
Tan remained optimistic about Intel’s prospects, thanks to the AI boom spurring demand for many of its products, and its foundry...
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