Intel's new focus IMO The big boys will be looking around for new growth...
"These companies are so big that it takes time" — and sometimes multiple rounds of restructuring — to change direction, said Patrick Moorhead, a longtime industry expert at Moor Insights & Strategy.
Krzanich has been pushing Intel to change its focus from PCs to other computing segments that are growing and providing more profit. These include making microprocessors for "cloud computing" data centres, along with chips for Internet-connected gadgets, wearable devices and drones.
"We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices," he said in a statement.
https://www.cbc.ca/news/business/intel-job-cuts-1.3543533