Sectionic acknowledges in the memorandum that there is indeed 'innovation' in the company's largest departmental customer computing business, but the biggest opportunities come from the company's growth areas such as networking equipment, artificial intelligence (AI) and autopilot.
'It's almost impossible to predict the future without a trace, but one thing I can do for the future is 100% certainty, and that's the role of data,' wrote Covey, 'where can I generate data and where do I need a lot of calculations Where are we?
The company was promoted to Intel CEO in 2013 and has been aggressively pursuing acquisitions to drive new growth areas. Intel has acquired companies such as chip maker Altera, autopilot Mobileye, computer vision startup Movidius and Artificial Intelligence startups Nervana. Intel also recently announced plans to introduce a graphics processor to compete with NVIDIA, and NVIDIA's chips are gaining popularity among AI researchers.
In addition, Intel also closed some autonomous businesses this year, for example, Intel has closed the health wearable device group.
Just as Intel is about to mark the 50th anniversary of its founding in July 2018, Cohenki stressed in his memo that the business nature of Intel will make major changes in the future. According to the information, Intel was founded on July 18, 1968.
'We are about to become a 50/50 company 50/50 refers to half of the revenue from the PC business and half from the new growth market,' Branch further claims that Intel's key partners include cloud infrastructure provider Amazon, Google and Microsoft.