At the recent Goldman Sachs Communacopia+ technology conference, Intel Vice President of Planning and Investor Relations John Pitzer revealed the core points of company CEO Chen Liwu's promotion of transformation and briefly introduced Intel's AI development strategy. He emphasized that Intel's new generation 14A chip manufacturing process is completely different from the past. For the first time, external customers have been deeply involved in the early stages of technology definition.
Pitzer pointed out that the biggest change after Chen Liwu took office was the company culture. The large-scale restructuring carried out last year mainly focused on cutting costs, but the reform in the second quarter of this year essentially changed the company's organizational structure and operating methods, significantly reducing management levels, improving decision-making efficiency, speeding up corporate response, and requiring employees to return to the office to promote a higher sense of responsibility and execution.
In the next few months, Intel will focus on four priority goals: repairing the x86 core chip business, formulating an AI development strategy, promoting the maturity of the foundry business, and continuing to optimize the company's balance sheet.
Talking about AI strategy, Pitzer said that Intel plans to occupy an important position in the AI accelerator market in the next five years. By increasing x86 business growth and focusing on the AI market, the company hopes to achieve growth exceeding the traditional 3-5%. Intel believes that its x86 ecosystem will have unique value in the AI market, and the company will strive to achieve "disruptive" breakthroughs in AI inference performance and energy consumption. Relevant details will be further announced at the third quarter financial report.
Regarding the 14A advanced process, Pitzer reiterated that Intel is "fully committed" to development, emphasizing that it has already cooperated deeply with external customers in the technology definition stage and is confident to ensure the process maturity and yield of the process, allowing customers to participate in design decisions as late as the first half of 2027.
In terms of foundry business, Intel has set a goal of achieving operating breakeven by the end of 2027. Pitzer pointed out that relying on 18A technology to expand mass production scale, this goal can be achieved solely by the demand for Intel's own products, without the need for large external order support.