Intel CEO Brian Krzanich has outlined growth strategy and drivers for the US-based technology company for 2017.
Brian Krzanich said the flood of data being generated by smart, connected things and machines would be a driver of innovation and growth for Intel.
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The Intel CEO said the company expects Intel to “play a vital role in transitioning data into practical and important tools to drive business and innovation.”
Data-rich markets are expanding the addressable market for silicon-based products for Intel. “More data requires bigger, faster memory as well as new modes of connectivity and more IT spending on devices, data centers and networks,” Brian Krzanich said.
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Intel has won a leadership position in the established markets for server and PC microprocessors, and these markets — worth an estimated $45 billion combined. Intel is expecting that server and PC microprocessors will continue to be significant sources of revenue, profit, scale and IP.
Intel estimates the total addressable market for silicon will grow to $220 billion by 2021 fueled by the explosion of data.
Intel plans to invest in opportunities that build on its strength in PCs and servers, leverage its manufacturing leadership, and benefit from scale.
Diane Bryant, who leads Intel’s data center business, said the rise of cloud computing and network transformation, and the growth of data analytics were the key growth drivers for Intel’s data center business.
Rob Crooke, who leads Intel’s memory business, explained the advantages of Intel’s 3D NAND SSDs and Intel Optane technologies, which have connections to Intel’s core platforms in a fast-growing market segment.
Doug Davis, who heads Intel’s Automated Driving Group, said Intel expects growth in its IOT business will outpace the market as the company focuses on vertical segments including retail, industrial, video and transportation.
Murthy Renduchintala, who leads Intel’s client, IoT and systems architecture groups, said the tech company enjoys a three year lead over its competitors’ current process technology generations. Intel aims to maintain a three year lead in process technology, even after its competitors deliver on their 10-nanometer plan.