Intel cannot afford to miss out on the next wave of tech innovation, as it did with mobile.
If you believe Facebook's Mark Zuckerberg and Apple's Tim Cook, then virtual reality, artificial intelligence and the internet of things will underpin the next generation of computing platforms, and this time Intel CEO Brian Krzanich wants to be right there with them.
It is on these new growth opportunities, and not the company's flagging legacy PC business or mobile misses, that Krzanich is expected to focus his keynote address at Intel's Developer Forum on Tuesday at 9 a.m. Pacific. Six thousand developers will attend the event, now in its 20th year, at San Francisco's Moscone Center.
Intel rode the PC revolution over the past several decades to become the world's biggest semiconductor company, but the shrinking market — which makes up half of its business — is now weighing it down.
The company's stock has traded roughly flat since January, as the shares of rival Qualcomm, whose fortunes are closely tied to mobile, have surged almost 25 percent year to date. (The Nasdaq has gained around 5 percent since the start of the year.)