Justin Ward

Chips provide the calculating power in many personal computers

Long one of the most profitable among large manufacturing companies

Main rival is AMD

Facing stiff competition, and slowing computer sales

AMD has made steady gains with technology improvements and aggressive marketing

PC Demand Chip set shortage, drove customers to AMD

but also led to several million units of unused microprocessors to stack up

Planning a sweeping restructuring of its operations

“We will restructure, resize and repurpose Intel Corp. for where we thing the business is going”

Trim spending by more than $1 Billion, plus a #300 million reduction in investments on factories and equipment

Taking a hard look at the individual businesses and projects that are losing money and taking steps to reduce operating costs, improve employee productivity and speed decision-making

Look at anything that indicate a loss

Home and health units remain promising, and are on track to deliver $1 Billion in revenue the first year of their product launches

New Brand vPro, for chips for desktop computers

Might choose to focus on cutting products in the communications area