Items tagged with Brian-Krzanich

It looks like Intel CEO Brian Krzanich wants to “Make America Great Again”, but can't quite get the ball rolling. Krzanich was planning to hold a fundraiser for Donald Trump, the presumptive Republican nominee for President of the United States, on Thursday night at his house in Atherton, California. The event, which was to include “a full exchange of views”,  was cancelled for unknown reasons and Trump held a rally in San Jose, California on Thursday instead. Krzanich is one of the few leaders in Silicon Valley to publicly support Trump. Trump has publicly criticized Jeff Bezos of Amazon,... Read more...
One week ago, Intel took the drastic step of laying off 12,000 employees, representing 11 percent of the company’s workforce by mid-2017. While we are always saddened to hear about such wide-scale layoffs in the tech industry, the writing has been on the wall as PC sales have been on a downward trajectory for years. At the time, CEO Brian Krzanich hinted at his plans to transform Intel “from a PC company to a company that powers the cloud and billions of smart, connected computing devices… As we drive this transformation, there is an extraordinary opportunity ahead. We will emerge as a more productive... Read more...
Intel’s first quarter earnings report shows some uneven results across the company’s market segments and vast product portfolio, with a particular drop on the mobile side. Intel’s Mobile and Communications Group had a revenue of $156 million, but that was 52% from last quarter and down 61% year-over-year. In fact, sequentially, Intel’s revenue was down in most areas: its PC Client group was down 8%; the Data Center group was down 5%; the Internet of Things group was down 10%; and software and services dropped 6%. However, year-over-year the numbers are much rosier. With... Read more...
Intel may seem like an unmovable juggernaut, but the company is actually in the midst of major changes. The PC industry is shifting, and the old Wintel paradigm isn’t what it used to be. The company has a new CEO in Brian Krzanich, and the new boss is tasked with captaining the turning ship; unfortunately, he’s doing so in part by cutting a lot of jobs. Intel announced that it’s cutting 5% of its workforce, which is more than 5,000 jobs. The casualties are coming as Intel realigns some of its business segments, moving more resources to focus on data center tech (which is a big... Read more...
It’s no secret that Intel doesn’t exactly have the same batting average in the mobile market as it does on the PC side, but the company is working towards changing that. To that end, the company purchased the satellite navigation chip business unit of ST-Ericsson, according to AllThingsD. ST-Ericsson is a joint venture between STMicroelectronics and Ericsson, and the sale of the unit couldn’t come at a better time; AllThingsD reports that ST-Ericsson had an operating loss of $158 million in Q1 2013. New Intel CEO Brian Krzanich The acquisition will no doubt help Intel bolster... Read more...