Chip maker Intel worldwide deletes twelve thousand jobs, or about 11 percent of the global workforce. The company is facing a decline in demand for chips for PCs and announced a restructuring program involving job losses. The company will focus more on chips for data center equipment and the Internet of Things (IoT).
That made the chip supplier announced during the presentation of quarterly figures. In about sixty days, the reorganization should abyss. It involves redundancies, voluntary departures and attrition.
The shareholder and major customer of the Dutch chip equipment manufacturer ASML has already times suffered from a dwindling demand for chips for PCs. The company wants to further focus on growth markets, such as chips for data centers and IoT.
Big data
Intel is developing new chips for the establishment of IoT. For example, the company focuses on intelligent sensors. That should stem the increasing flow of data collected by companies for analysis (big data). The chips should improve the selection of dates at the beginning of the chain so that companies collect less data where they end up doing nothing, and analyze data faster.
Intel also announced that CFO Stacy Smith got a new role. He will be responsible for operational activities such as production and sales. There are still looking for a successor to his CFO position. Until then, Smith remains ad interim as CFO.
In an email CEO Brian Krzanich programs aimed at its employees. In it he writes that the company transforms from a supplier of chips for PCs to a chipmaker for smart and through the Internet or any other network connected devices. Krzanich, which apply almost year which took office as Intel CEO, calls the IoT data center and the most important growth markets for Intel
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This article is derived from Computable.nl (https://www.computable.nl/artikel/5743755). © Jaarbeurs IT Media.
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