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Old Sep 9, 2022, 02:52 PM   #1
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Intel Intel Expects More Market Share Loss Through 2023, Will Likely Exit More Businesses

At the Evercore ISI conference on September 8, Intel CEO Pat Gelsinger stated that the company has "a few more [businesses] that we'll likely exit as we continue to prune and get more focused."

Intel CEO Pat Gelsinger spoke at the Evercore ISI TMT conference yesterday, saying that the company expects to continue losing data center market share throughout at least 2023 and will only begin regaining in 2025 and 2026. Gelsinger also said that the company would likely exit other businesses, much like it recently began exiting Optane memory, as it continues to narrow its focus to its core competencies.

Intel's recently delayed its Sapphire Rapids launch again, with the chips now slated to arrive in 2023. Gelsinger remarked that while the new chips are 'better than the AMD alternatives" in power and performance and will win in some benchmarks, the advantages aren't dramatic enough to slow AMD's advance. As a result, Intel's data center business won't grow at the same rate as the market, meaning the company will continue to lose market share.

"We do expect that overall our data center business grows every year as we go forward. From where we are, as we said, Q2, Q3 [is] the bottom. But we believe that we're still losing share at least through next year," Gelsinger said.

Source: Tom’s Hardware
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