Intel's Software Strategy and Revenue Growth Projections

Friday, 12 July 2024, 06:35
Intel's Chief Technology Officer, Greg Lavender, disclosed the company's successful foray into software, forecasting a substantial revenue milestone of $1 billion by the conclusion of 2027. Under Lavender's leadership, Intel has experienced significant growth, surpassing $100 million in software revenue in 2021, following strategic acquisitions of three software firms. The company's shift towards software development marks a pivotal transition in its business focus.
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Intel's Software Strategy and Revenue Growth Projections

Intel's Software Revenue Projection

Intel is on course to achieve $1 billion in software sales by the end of 2027.

Leadership by CTO Greg Lavender

Greg Lavender, the Chief Technology Officer, is steering Intel's software strategy towards success.

Revenue Milestone in 2021

  • Intel achieved over $100 million in software revenue in 2021.

Strategic Acquisitions

  1. Intel has acquired three software companies to enhance its offerings.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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