Bob Swan fireside chat at Credit Suisse Technology Conference on Tuesday.  To watch the replay, click here.

Strategic Priorities

At Intel, our strategy is to deliver the world’s best semiconductors for an increasingly data-centric world. Over the last few years, we’ve initiated a transition from being a PC-centric company to a data-centric one and expanded our product offerings in order to seize new market opportunities. 

By focusing on our four strategic priorities – accelerating the growth of the company, improving our execution, thoughtfully deploying our capital and evolving our culture – we can have a larger impact on our customers’ success.

2024 Total Addressable Market: ~$300B

Based on our analytics, we anticipate a total addressable market (TAM) of nearly $300 billion by the year 2024. In addition to this TAM, we also see opportunities beyond silicon in areas like software and services.

~$230B

TAM*

Data-centric

Market opportunities in our data-centric businesses include Server and Storage, including CPUs, chipsets, accelerators, memory and storage media in servers and storage systems; Networking and Connectivity, including CPUs, chipsets, accelerators, memory and storage media, and connectivity devices in network appliances and network function virtualization (NFV) systems; Internet of Things, including addressable logic application-specific integrated circuits and standard products, microprocessors, microcontrollers, digital signal processors, memory and storage media and modems in industrial, transportation, automated driving, retail, video surveillance, healthcare, public sector, office automation, gaming and smart home.

*2024 TAM is based on an amalgamation of analyst data and Intel analysis, based upon expectations and available information as of July 2020, and is subject to change without notice.

~$70B

TAM*

PC-centric

Market opportunities in our PC-centric business include client CPUs and chipsets, connectivity devices (including modems in PC and sub-5G smartphones), discrete graphics, memory and storage media in client, phone and USB/cards.

*2024 TAM is based on an amalgamation of analyst data and Intel analysis, based upon expectations and available information as of July 2020, and is subject to change without notice.

Accelerating Our Growth

We are driving innovation forward and striving to become an even bigger part of our customers’ success.  We have entered new markets and broadened our technologies, expanding our opportunities for growth within an estimated total addressable market of $300 billion. Our solutions span well beyond PCs and servers, enabling customers to solve challenges across cloud, the Internet of Things (IoT), AI, 5G, autonomous driving, and the intelligent edge.  

Lead Technology Inflections

Our strategic intent is to lead in key technology inflections that are fundamentally changing computing and communications. The most important drivers of change we see today are AI, the transformation of networks spearheaded by the transition to 5G, and the rise of the intelligent edge. We see a future where Intel® technologies enable our customers to move data faster, store more, and process everything—from large complex applications in the cloud, to autonomous cars and small low-power devices at the edge.

Focus:

Artificial Intelligence

Artificial intelligence (AI) has the potential to unlock value from data and makes new business models and experiences possible. We offer a combination of hardware and software technologies that deliver broad capabilities to support computing, storage, transmission, and tuning in AI.

Spotlight: Intel Artificial Intelligence (AI) Technologies

Spotlight: AI Analytics Platform Announcement Press Kit

Focus:

Network Transformation & 5G

The transition to 5G connectivity brings increased consumption of data-rich experiences, as well as transformations to the network and industries across all business sectors. We have sharpened our 5G focus, helping communications service providers transform their network infrastructures, growing the networking business to approximately $5 billion in 2019. We are collaborating with ecosystem and vertical industry partners to define, prototype, test, and deliver 5G standards and solutions, and our team has developed products designed to support 5G network infrastructure and a valuable IP portfolio.

Spotlight: What is 5G?

Spotlight: 5G Portfolio Launch Press Kit

Focus:

Intelligent & Autonomous Edge

As the data explosion creates new opportunities, we continue to assess other service models that will build on our technology leadership and deep technical expertise to drive more value to our customers. For example, we currently provide the automobile industry’s leading solution for Advanced Driver-Assistance Systems (ADAS).

Spotlight: How Autonomous Driving is Making Cities Smarter

Spotlight: 2020 CES Mobileye Press Kit

Improving Our Execution

We are committed to continual product innovation. Our customers’ success is our obsession—and our mission is to deliver the technology leadership and reliable, top-quality products they need and expect. Software and silicon solutions that produce quantifiable and scalable results for our customers require our flawless execution.

Intel’s Six Pillars of Technology Innovation

Intel helped define the modern world of computing. Now, as we have evolved from our role as a PC-centric company to becoming a data-centric company, we measure our progress beyond advances in transistors and CPUs. With innovation across our six fundamental technology pillars, we are shaping the data-centric future. A future in which Intel powers the world—and democratizes compute power for all.

  • Process and packaging: We are creating a new wave of compute engines that mix and match different process technologies and then connect them with high-performance, low-power packaging technologies such as Embedded Multi-die Interconnect Bridge (EMIB) and Foveros, the industry’s first implementation of stacked processing components.
  • xPU architectures: We are designing processors that span four major computing architectures, moving us toward an era of heterogeneous computing.
  • Memory: With our Intel® 3D NAND and Intel® Optane™ technology, we are developing products to disrupt the memory and storage hierarchy.
  • Advanced interconnect: We deliver leading technologies that scale from microns to miles across all interconnect layers—spanning on-die, on-package, data center, and long-distance networks.
  • Security: We are dedicated to assisting our customers and industry partners in developing new and innovative ways to improve security. Together with customers and partners, Intel is building a more trusted foundation in this datacentric world.
  • Software: Our software unleashes the potential of hardware across all workloads, domains, and architectures.
pillars

Spotlight: Intel’s Six Pillar Design and Engineering Model

Architecture Day Press Kit

Deploying Our Capital

Capital Allocation

Our financial capital allocation strategy emphasizes building stockholder value. We are focused on three priorities: 1) investing in R&D and capital spending to strengthen our competitive position, 2) investing in companies around the world that will complement our strategic objectives and stimulate growth of data-centric opportunities, and 3) returning cash to shareholders in the form of dividends and share buyback programs, all while maintaining an investment grade credit rating and financial flexibility via a strong balance sheet. We returned approximately 90% of free cash flow to investors from 2015 to 2019.

Spotlight: Big Bets

To be at the forefront of the constant technological change in our industry, we must evaluate new and existing big bets based on the following criteria: the “bet” is leading the edge of a technology inflection, it plays a significant role in our customers’ success, and it offers a clear path to profitability and attractive returns. Our current big bets are memory, autonomous driving, and 5G.

Evolving Our Culture

Evolving Our Culture

We’re on an exciting journey to transform from a PC-centric company to a technology leader focused on unleashing the power of data and enriching the lives of every person on earth. Our strategy comprehends new markets, customers, products, and competition and will require a challenger mindset. The way we get work done at Intel - our culture - must align to our journey to enable amazing execution and accelerate our growth.

Fearless

Fearless

We foster risk taking to continually evolve ourselves and our portfolio to meet the needs of our customers today and tomorrow.

Inclusion

Inclusion

We strive to build a culture of belonging where all of us can contribute our fullest potential and deliver our best work.

Customer Obsessed

Customer Obsessed

We must understand our customers’ ambitions and challenges to anticipate their needs. Our customers’ success is our success.

One Intel

One Intel

As we expand our horizons and face new competition, we bring our collective talent together to win.

Truth & Transparency

Truth & Transparency

We are committed to being open, honest, ethical, and timely with our information and feedback.

Quality

Quality

Our goal is to deliver products and services that our customers and partners can always rely on.

Statements about TAM and other statements about future plans, expectations, and opportunities are forward-looking statements. They are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in our most recent earnings release and our most recent reports on Forms 10-K and 10-Q, available on this site.