Intel to Trim 12,000 Employees and Refocus Chip Biz
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources. The global PC market, long Intel's bread and butter, has seen shipments decline for seven subsequent quarters, according to Gartner. In order to make the company more efficient, Intel will cut about 12,000 jobs, or 11% of its workforce, by the middle of 2017. Intel said it will do this by closing sites, as well as pushing voluntary and involuntary departures across its workforce. Intel plans to notify as many affected employees as possible within the next 60 days. "These actions drive long-term change to further establish Intel as the leader for the smart, connected world," said Intel CEO Brian Krzanich in an email sent to employees. "I am confident that we’ll emerge as a more productive company with broader reach and sharper execution." Intel believes these actions will result in $750 million in savings this year and $1.4 billion in savings annually in 2017 and beyond. Intel has struggled to compete in the mobile device space, which is dominated by Qualcomm, MediaTek, and others.
Intel Cancels Several Phone Chips
Intel said it will discontinue a handful of processors meant for smartphones and tablets as it continues to shift its business toward more profitable products. In particular, Intel has cancelled plans to sell three of its SoFIA processor-baseband combination chips.
Intel Says It Has a 5G Modem
Intel today announced next-generation modem for mobile devices, aptly named the Intel 5G Modem. Intel says the idea behind the 5G Modem is to help push the development of 5G ahead.
Intel Debuts 5G Radios
Intel today announced a range of 5G modems for mobile devices that rely on various technologies to handle the transition from 4G to 5G. The XMM 8000 series will handle multi-mode operations on 600 MHz and mmWave band around the globe and will be ideal for PCs, phones, and fixed wireless equipment.
Intel to Allow ARM Chip Builders to Use Its Foundry
Intel today said companies that design and build ARM-based processors will for the first time be able to use Intel's manufacturing facilities to make them. Intel will allow its Intel Custom Foundry customers to use its 10nm FinFET process for ARM cores and Cortex series processors.