Intel is trying to cut reliance on PCs
Intel's goal for 2016 is simple: try to break its reliance on PCs.
That's because the PC market isn't the money-spinner it once was for the chip maker. As desktop and laptop shipments fall, so also are Intel's overall chip shipments and revenue.
To be sure, the Client Computing Group (CCG)-- which deals in PC and mobile chips -- remains Intel's largest business and generates the most revenue. But Intel is pivoting to adjacent growth markets such as data centers, the Internet of Things and memory, which the company hopes will ultimately provide revenue exceeding that of PCs.
Intel's Data Center Group (DCG), IoT and memory divisions generated 40 percent of the company's revenue in the 2015 financial year. That will grow even more in 2016, said Brian Krzanich, CEO of Intel, during a fourth quarter earnings call on Thursday.
To read this article in full or to leave a comment, please click here