Intel eyes $1 billion in software sales by 2027

By Reuters

Jul 13, 2024 12:15 am

SINGAPORE — Intel's push into software is going well, and the company could have cumulative software revenue of $1 billion by the end of 2027, Chief Technology Officer Greg Lavender told Reuters.

Intel made north of $100 million in software revenue in 2021, the year Lavender was brought in from cloud computing company VMware by Chief Executive Officer (CEO) Pat Gelsinger to steer the chipmaker's software strategy. Since then, Intel has bought three software companies.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Warren Buffett sitting on $35B cash

Volkswagen cost-cutting unavoidable

S&P upgrades Turkey's credit rating to 'BB-'

Businesses in Erie can swing votes

TGI Fridays files for bankruptcy

Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock

Japan must avoid more debt – IMF