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Intel CEO Commits to Lead Tech Inflections, Play Bigger Role in Customer Success, Focus on Profitability

Wall Street analysts gathered at Intel headquarters in Santa Clara, California, today for the company’s 2019 Investor Meeting, which featured executive keynotes by Intel CEO Bob Swan and business unit leaders.

Swan said demand for the analysis, transmission and storage of data is growing at a faster rate than at any time in history. He cited Intel’s unmatched collection of assets as key to winning share in a nearly $300 billion total addressable market (TAM) for silicon by 2023.Intel estimates the creation of data is increasing 25 percent each year, driving a 50 percent compound annual growth rate (CAGR) in demand for computing.

“We are very focused on leading technology inflections that will accelerate and create demand for data – AI, 5G and autonomous,” Swan said. “We believe in an expanded market opportunity we can play a bigger role in the success of our customers. Our emphasis is on improving execution, accelerating…

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Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.
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