Intel CEO On Losing Market Share To AMD: “We Lost Share, We Lost Momentum. We Think That Stabilizes This Year”

Intel, the world’s largest semiconductor chip maker, has recently been losing its market share to rival AMD. This has been a major cause of concern for Intel, since they depend heavily on its chip business. During an earnings conference call, Intel’s new CEO, Pat Gelsinger, spoke candidly about their recent losses.

“We lost share, we lost momentum,” Gelsinger said. However, he remained optimistic that Intel’s market share would normalize this year. He attributed much of the company’s recent losses to a misalignment between the product roadmap and customer demand. “We have not been executing as well as we would like on the product roadmap. Customers have been waiting for us,” he said.

To regain Intel’s footing in the market, Gelsinger has been shifting the company’s focus to new products and services. This includes the development of chips for artificial intelligence applications, as well as cloud and storage applications. In addition, Intel has been investing heavily in their data centre group, which Gelsinger believes will help Intel gain a foothold in the market.

Ultimately, Gelsinger believes Intel will be able to recover from its recent losses and stabilize its market share. “We still have significant share losses that are running through the product lines today,” he said. “But we have a clear view now and more clarity on how we will stabilize these share losses in 2021 and beyond.”

It remains to be seen what the future holds for Intel. However, the company is hoping that its new investments and strategies will help it reclaim its lead in the chip market. For now, Intel is keeping a close eye on its rival, AMD, and hoping to return to its previous levels of success.