Justin Ward
Chips provide the calculating power in many personal computers
Long one of the most profitable among large manufacturing companies
Main rival is AMD
Facing stiff competition, and slowing computer sales
AMD has made steady gains with technology improvements and aggressive marketing
PC Demand Chip set shortage, drove customers to AMD
but also led to several million units of unused microprocessors to stack up
Planning a sweeping restructuring of its operations
“We will restructure, resize and repurpose Intel Corp. for where we thing the business is going”
Trim spending by more than $1 Billion, plus a #300 million reduction in investments on factories and equipment
Taking a hard look at the individual businesses and projects that are losing money and taking steps to reduce operating costs, improve employee productivity and speed decision-making
Look at anything that indicate a loss
Home and health units remain promising, and are on track to deliver $1 Billion in revenue the first year of their product launches
New Brand vPro, for chips for desktop computers
Might choose to focus on cutting products in the communications area