Cash-strapped Intel looks for $3B in savings to pursue '5 nodes in 4 years' dream
Intel is looking to balance investments in technology with cost cutting to offset reduced revenue as it prepares to introduce a number of new production nodes over the next few years.of its 2022 financial year, and saw revenues drop 32 percent, partly due to declining PC and laptop sales following the boom in demand during the pandemic.
"It's roughly about $1 billion in cost of sales, and about $2 billion in opex is the way I would look at it," Zinsner said. "I think as many people know, there's some news out last week around a more streamlined graphics roadmap. So, that was part of it," Zinsner said, referring to thethat the Rialto Bridge GPU has been canceled and the Falcon Shores CPU-GPU chip pushed back to 2025.
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