Intel will present new chips and software

Intel Corporation, aiming to restore its position in the microcircuit industry, presented new processors for personal computers, graphical semiconductors, and software that simplifies the usage of the company's technologies.

“Newest Intel Core processors for PC will give gamers and other users serious productivity gains.” said the company at the Innovative event On Tuesday in San Jose, California. However, a new graphical chip for the data processing centers is made to challenge Nvidia Corp predominance in this market. This product called Ponte Vecchio is shipped off for use in the new governmental supercomputer. 

The stakes are high. In the last years, Intel had the status of the world's largest producer of microcircuits and fell behind its competition in terms of production capacity. Long-time head of Intel Pat Gelsinger who's been managing VMware Inc. for more than ten years, returned to the company in 2021 to restructure it. 

Gelsinger told investors that Intel is still predominating in many fields, and the industry needs these innovations. According to him, under his leadership, the sleeping giant will take back the technical predominance and return to its central role.

However, the computing techniques changed a lot, and Intel tries to use the event in San Jose to show that it is still open for collaboration with partners. The company lets its offers work together with offers from others distancing from the past.         

“Assistance to this open ecosystem is at the center of our reorganization and developers' community is very important for our success.” Gelsinger said. 

One of the company's new products is the Intel Developer Cloud, a program that gives the producers of software and other customers early access to new chips, particularly upcoming Xeon server products.

Intel announced this just a few days after the rival company Advanced Micro Devices Inc. had presented its new line of processors which, according to experts, is one of the best in the industry.

At the event, Gelsinger admitted that Intel, like its competitors, is facing a slowdown in demand for its core product. But he reaffirmed his belief that the company shouldn’t forego the investment needed to implement its long-term strategy.

"You can't be guided by short-term financial performance," he said. "You should invest in the future."