Despite recent setbacks, Intel’s IDM 2.0 strategy has taken a clearer contour as CEO Pat Gelsinger describes the company’s latest progress and vision at Hot Chips 2022.

Will Intel CEO Pat Gelsinger cut the company’s fledging discrete GPU business? Since its establishment in first-quarter 2021, Accelerated Computing Systems and Graphics Group (AXG) has received approximately US$3.5 billion from Intel, but the group has lost US$2.1 billion so far, according to Jon Peddie Research (JPR). Therefore, JPR raised the possibility that Gelsinger might axe AXG, following a series of restructuring underway since the CEO took over in February 2021. The new Intel CEO has already dumped six businesses, saving US$1.5 billion in operating costs, according to JPR.

Sensor backend specialists, such as VisEra Technologies and Xintec, are gearing up for a metaverse device demand boom.