June 8, 2023 — IDC has issued a study providing a comprehensive look at the steps Intel is taking to reposition the company to provide solutions that supply larger, higher-growth markets. The industry research firm’s analysis shows Intel has increased its serviceable addressable market (SAM) by 45% since it began its business unit reorganization. IDC predicts Intel’s SAM to grow at a 7.2% compound annual rate through 2027 to reach $500 billion.
Safroadu Yeboah-Amankwah, senior vice president and chief strategy officer for Intel, commented: “We have been methodically executing to reposition Intel into higher-growth opportunities – with foundry, discrete GPUs, AI accelerators and others – and away from low-growth segments, including memory, connected home and cellular modems. We are very pleased with the progress of our IDM2.0 strategy and remain on track to regain technical and manufacturing leadership, and to become a major provider of foundry capacity. We believe we are well positioned for near-term and long-term growth.”
By moving into faster-growth markets with a broad range of products and services, Intel is positioning itself for returning to growth. Rather than offering single chips serving a single function, like processing or moving data for PCs and data centers, Intel’s businesses offer holistic solutions that use multiple semiconductor, software, hardware and service components based on customer requirements and demands of the markets they serve.
Intel has commissioned IDC to conduct independent research and issue similar reports through the year to track Intel’s progress, including its share of markets. They will focus on topics including internal and external foundry models, artificial intelligence and others.
For more information, read the IDC analysis, “Intel’s Business Transformation Addresses Largest Market Opportunities.”
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com.
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better.