Amid ongoing challenges in the AI chip market, Intel Corp. (NASDAQ:INTC) is contemplating significant strategic shifts to regain its competitive edge.
What Happened: Intel is evaluating significant changes to its business strategy as it faces challenges in the artificial intelligence chip market. Intel CEO Pat Gelsinger is under pressure to improve the company's AI strategy. The board had urged Gelsinger to focus on AI, leading to the establishment of an AI Acceleration office, reported the Financial Times on Friday citing three people familiar with the directive.
Despite these efforts, Intel lags behind competitors like Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD) in AI chip sales. Intel's Gaudi 3 chips are expected to generate $500 million in sales this year, a stark contrast to Nvidia's multibillion-dollar sales.
The company has also been hit by executive departures, layoffs, and a declining share price. Over the past year, Intel's market value has dropped by approximately $70 billion, while Nvidia's has surged.
Gelsinger, who became CEO in 2021, is three years into a five-year plan aimed at transforming Intel into a leading chipmaker. However, recent setbacks have led to increased scrutiny from the board.
Intel is now considering options such as an IPO for its Altera unit, selling its foundry business, and scrapping some factory projects. These potential changes come as Intel grapples with heavy spending on new factories and unmet sales targets, according to the report.
Intel did not immediately respond to Benzinga's request for comment.
Why It Matters: The pressure on Gelsinger is not new. In late August, Gelsinger acknowledged investor concerns following a significant drop in Intel's stock price, while rival Nvidia saw a 123% surge this year.
Adding to the turmoil, Intel board member Lip-Bu Tan reportedly resigned after disputes with Gelsinger and other directors over the company's direction.
On Monday, it was reported that Gelsinger is set to present a comprehensive plan to the board, focusing on asset sales and cost reductions, including halting a $32 billion project in Germany.
Furthermore, Qualcomm Inc. is reportedly eyeing certain segments of Intel to bolster its product line, indicating potential divestitures.
Price Action: Intel's stock closed 0.15% lower on Thursday at $19.40. Year-to-date, the company's shares are down 59%, according to Benzinga Pro data.
Nvidia's stock is up 123% year-to-date, while AMD has witnessed a minor surge of 0.62% in the same period.
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
在人工智能芯片市場持續面臨挑戰的情況下，英特爾公司（納斯達克股票代碼：INTC）正在考慮重大的戰略轉變，以恢復其競爭優勢。
發生了什麼：英特爾正在評估其業務戰略的重大變化，因爲它面臨着人工智能芯片市場的挑戰。英特爾首席執行官帕特·蓋爾辛格面臨着改善公司人工智能戰略的壓力。《金融時報》週五援引三位熟悉該指令的人士的話報道，董事會曾敦促蓋爾辛格專注於人工智能，從而成立了人工智能加速辦公室。
儘管做出了這些努力，英特爾在人工智能芯片銷售方面仍落後於英偉達公司（納斯達克股票代碼：NVDA）和先進微設備公司（納斯達克股票代碼：AMD）等競爭對手。英特爾的高迪3芯片預計今年將創造5億美元的銷售額，與英偉達數十億美元的銷售額形成鮮明對比。
該公司還受到高管離職、裁員和股價下跌的打擊。在過去的一年中，英特爾的市值下降了約700億美元，而Nvidia的市值卻飆升了。
蓋爾辛格於2021年出任首席執行官，其五年計劃已經過去了三年，該計劃旨在將英特爾轉變爲領先的芯片製造商。但是，最近的挫折導致董事會加強了審查。
英特爾現在正在考慮諸如對Altera部門進行首次公開募股、出售其代工業務以及取消一些工廠項目等選項。報告稱，這些潛在的變化是在英特爾努力應對新工廠的巨額支出和未實現的銷售目標之際發生的。
英特爾沒有立即回應本辛加的置評請求。
爲何重要：蓋爾辛格面臨的壓力並不是什麼新鮮事。8月下旬，在英特爾股價大幅下跌之後，蓋爾辛格承認了投資者的擔憂，而競爭對手英偉達今年上漲了123％。
據報道，英特爾董事會成員Lip-Bu Tan在與蓋爾辛格和其他董事就公司的方向發生爭執後辭職，這加劇了動盪。
週一有報道稱，蓋爾辛格將向董事會提交一份全面的計劃，重點是資產出售和成本削減，包括停止在德國的320億美元項目。
此外，據報道，高通公司正在考慮英特爾的某些細分市場以加強其產品線，這表明有可能進行資產剝離。
價格走勢：英特爾股價週四收盤下跌0.15％，至19.40美元。根據Benzinga Pro的數據，今年迄今爲止，該公司的股價下跌了59％。
英偉達的股票今年迄今上漲了123％，而AMD同期小幅上漲了0.62％。
這個故事是使用 Benzinga Neuro 創作的，由 Kaustubh Bagalkote 編輯
