|Sep 9, 2022, 02:52 PM||#1||
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Join Date: Oct 2003
Location: Upper Midwest
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.
Source: Tom’s Hardware
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