Intel Corporation · NASDAQ:INTC
Intel — Investor Day (February 2022)
43 slides from Intel's investor day presentation, Feb 18, 2022
Slide 1: Forward-looking statements and non-GAAP notices
Exhibit 99.2 Future node performance and other metrics, including power and density, are projections and are inherently uncertain and, in the case of other industry nodes, are derived from or estimated based on publicly available information. Intel’s node numbers do not represent the actual dimensio
Slide 2: Investor Meeting 2022
Investor Meeting 2022
Slide 3: Investor Meeting 2022 CEO, Intel
Investor Meeting 2022 CEO, Intel
Slide 4: TUNE
TUNE “yb hen
Slide 5: Our commitments to shareholders
We’re setting a … with much left to do, but… Unleashed Accelerated Architecture Innovation IEDM Today Day Our Commitment to: IDM & Process Product Open Moore’s Growth & Foundry Leadership Leadership Ecosystems Law Shareholders ….we are
Slide 6: We're rebuilding our Groveian execution engine
We’re rebuilding our “Groveian” execution engine We have the right strategy We are leveraging our core strengths to grow traditional markets and disrupt new ones Intel is the next great growth story
Slide 7: Our Beliefs, Our Strategy, Our Execution
Our Beliefs Our Strategy Our Execution 1 We are in an era of sustained, Deliver leadership products… long-term demand Foundry The insatiable need for 2 …Anchored on compute drives the value of open and secure platforms Accelerated Moore’s Law IDM 2.0 Auto & Compute & Mobility Graphics Software & Sec
Slide 8: Our Beliefs, Our Strategy, Our Execution
Our Beliefs Our Strategy Our Execution 1 We are in an era of sustained, Deliver leadership products… long-term demand Foundry The insatiable need for 2 …Anchored on compute drives the value of open and secure platforms Accelerated Moore’s Law IDM 2.0 Auto & Compute & Mobility Graphics Software & Sec
Slide 9: Every aspect of human existence is becoming more digital
Every aspect of human existence is becoming more digital creating an era of Ubiquitous Compute Cloud-to-Edge Simulation of Infrastructure Virtual Economies Simulation of Intelligent Avatars & Bots Pervasive Connectivity Simulation of Full Immersion Simulation of Photorealism Artificial Intelligence
Slide 10: Insatiable needs for compute will continue to drive demand
Insatiable needs for compute will continue to drive Demand for leading edge is growing We remain the steward of ~6x Faster than trailing edge Moore’s law $1,000 Node TAM ($B) $900 $800 $700 Leading Edge: $600 CAGR = 12% $500 $400 $300 Trailing Edge From a 100B transistors today…… $200 CAGR = 2% aspi
Slide 11: Compute architectures continue to unleash innovation and democratize compute
continue to unleash innovation and democratize compute Data Center General Compute Server Platform Proprietary Systems Network Routers General Compute Server Core Radio Access Platform Communication Edge AI xPU + Specific, Fixed Function Open, Programmable, Proprietary H/W & S/W Open Software and mu
Slide 12: The world needs a semiconductor moonshot
The world needs “These chips are a wonder of innovation Our and design that power so much of our % Total Semi Manufacturing Capacity “Moonshot” country and enable so much of our 100% 3% Others 7% modern lives to go on …..…We need to make sure these supply chains are secure 19% 90% and reliable” –Joe
Slide 13: Our Strategy: Deliver leadership products
Our Strategy Deliver leadership products… …Anchored on open and secure platforms We have …Powered by sustained manufacturing at scale …Supercharged by our people and culture
Slide 14: Delivering across all of our businesses
Delivering across all of our businesses o Fastest Up to a 30x Hyperscale-ready, best- Industry-leading FLOPs 11 camera 360 coverage, Client Processor gen-on-gen AI performance in-class programmable and compute density to RSS, 2x EyeQ5 SoCs, …Ever gain for Xeon packet processing accelerate AI and HPC
Slide 15: We remain confident in our process technology milestones
We remain confident we will Intel 7 Manufacturing Ready Manufacturing Ready Manufacturing Ready Manufacturing Ready Shipping Now in 2H’22 in 2H’23 in 1H’24 in 2H’24 1H’22: Foundry Customer Meteor Lake CPU tile Lead server product IP Test Wafers Test Chips production stepping test wafers running runn
Slide 16: Regaining process leadership
Regaining process leadership | ie]
Slide 17: Adding capacity to meet demand
Intel is the only company who can provide geographically balanced Adding capacity to meet Intel Transistor Oregon Ireland New Mexico Capacity Avg Wafer Starts / Qtr Costa Rica Arizona Malaysia 2021 2023 2026 Israel Ohio EU
Slide 18: Unlocking the $1T market opportunity through open ecosystems
We are unlocking the $1T market opportunity by Open Compute Open Platforms Open Manufacturing Client Cloud AI Auto Edge Network x86 Factories Chiplet Opening our factories, IP, Alternatives to proprietary Ecosystem Software and interface standards, and solutions and creating Standards that create en
Slide 19: Software platforms and pull-through
Solutions, MARKET Pull-Through Services and Platforms Platform Value Languages, MARKET Broadly Optimize Frameworks, Tools, and & Differentiate Libraries MARKET Accelerate Leading Foundational Software HW Capabilities Client/Edge/Cloud/Data Center
Slide 20: Winning developers with open choice and trust
Winning developers and delivering better products with our 1 Enable Developers 2 Foster Choice Open. Choice. Trust. 3 Build Confidential Compute Visit: Open.Intel 20 #1 120+ 700+ 6 CHROME OS Years of Investment Linux Kernel Intel Employed GitHub Architectures Leading Contributor Across hundreds Corp
Slide 21: Reigniting innovation and execution through leadership
We are reigniting our innovation and execution through One Voice Sales, Marketing & Communications to Market Michelle Johnston Holthaus & Customer Client Computing Accelerated Computing Network & Edge Michelle Johnston Holthaus Systems & Graphics Nick McKeown Jim Johnson - interim Raja Koduri Distin
Slide 22: Reigniting innovation and execution through our people
We are reigniting our innovation and execution through employees with 89% technical expertise 121,000+ patent assets worldwide ~70,000 countries with Intel employees 53 Andy Bryant - Former Intel Chairman Andy Grove - Former Intel CEO & Chairman
Slide 23: Our Execution
Our Execution Foundry Accelerated Auto & Compute & Intel is the next Mobility Graphics Data Network & Client Center & Edge AI
Slide 24: Rearchitecting the company to grow Intel revenue
We’re rearchitecting the company to 2020 2021 2022 2023 2024 2025 2026 Intel Revenue
Slide 25: Client Computing Group revenue outlook
With a growing market and leadership products we are CCG 2021 2022 2023 2024 2021 2026 Open Ecosystem 2021 segmentation data is preliminary and unaudited, and subject to change; final data to be provided in Intel’s future SEC filings. Revenue
Slide 26: DCAI dual track roadmap
P-Core E-Core New dual track roadmap with differentiated features DCAI 2021 2022 2023 2024 Ice Lake Sapphire Emerald Granite Rapids Rapids Rapids Sierra 2021 2023 2026 Forest 2021 segmentation data is preliminary and unaudited, and subject to change; final data to be provided in Intel’s future SEC f
Slide 27: NEX programmable network revenue outlook
NEX was created to deliver a fully programable NEX Cloud Core Network Devices & Data Center Network Edge Things 2021 2026 Intel® Intelligent Fabric Cloud-Native Network Edge Inference FlexRAN Open Standards and Developer Tools 2021 segmentation data is preliminary and unaudited, and subject to chang
Slide 28: Traditional businesses revenue 2021 to 2026
Traditional businesses account for Foundry NEX Accelerated IDM 2.0 Auto & Compute & Mobility Graphics Software & DCAI Security Data Network & Client Center & AI Edge CCG 2021 2026 Yearly Revenue
Slide 29: AXG accelerated computing and graphics outlook
Building on our installed base and a thriving open ecosystem we expect AXG 2021 2022 2023 2024 Sapphire Xeon next Super Rapids HBM HBM Falcon Compute Shores HPC- AI Ponte Vecchio Ponte Vecchio next Arctic Sound Media & Analytics Arctic Sound next Visual Alchemist Battlemage Compute (Client GPU) 2021
Slide 30: Mobileye full-stack strategy and roadmap
With a large installed base and full stack capability, Comprehensive Strategy Full-Stack Roadmap Market leader E2E MaaS True Mobileye ADAS deployed in over Redundancy Mobility AV. Drive Multiple applications: Robotaxi + aaS Consumer AV Crowd Source Chauffeur Imaging radar and FMCW lidar Mapping Ship
Slide 31: IFS process, IP and packaging portfolio
With a wide range of process, IP, and packaging, IFS will become the Existing IFS 2022 Intel 16 Process Intel 3 2H 2023 Ecosystem IP IP Growing Portfolio of rd x86 3 party IP 2021 2023 2026 EMIB, Foveros Omni Foveros Foveros Direct Packaging Available Target Availability Today 2H 2023 Accelerator RA
Slide 32: IFS leading edge process roadmap
With a wide range of process, IP, and packaging, IFS will become the Existing IFS Leading Edge 2022 Intel 16 Process Intel 3 2H 2023 Intel 18A 2H 2024 Ecosystem IP IP Growing Portfolio of rd x86 3 party IP 2021 2023 2026 EMIB, Foveros Omni Foveros Foveros Direct Packaging Available Target Availabili
Slide 33: IFS with Tower Semiconductor
With a wide range of process, IP, and packaging, IFS will become the Existing IFS Leading Edge 2022 Intel 16 Tower Semiconductor Process Intel 3 2H 2023 Intel 18A 2H 2024 0.5um to 45nm – Available Today Revenue ~$1.5B* Ecosystem IP Specialty IP IP Design Enablement for RF, Growing Portfolio of rd x8
Slide 34: Being an IDM makes us better at IFS
Being an IDM makes us better at IFS…….and n+3 Improved asset utilization Using Economies of scale n+2 assets Leverage R&D investment n+3 longer n+1 n+2 n+1 n n Broader IP portfolio Robust PDK and design ease-of-use Wafer Wafer Starts Starts Better Output from Assets Cumulative Cumulative Co-innovati
Slide 35: An executable path to 2026
We have an executable path to 2026 Steady growth over next several years + Tower Semi Foundry Will ramp with process leadership Emerging 2021 Mobileye A market leader in ADAS and AV AXG* >$1B in 2022, ramping to almost $10B by 2026 Emerging NEX Growing in the mid-teens. Faster than market Traditiona
Slide 36: Capex plans: IDM 1.0
Our plans have significant IDM 1.0 Total Capex 100% 2022 2023 2024 2025 2026 % of Capex IDM tools Space TD
Slide 37: Capex plans: IDM 2.0
Our plans have significant IDM 2.0 Total Capex Investment that enables both IFS and IDM 100% 2022 2023 2024 2025 2026 % of Capex IDM tools Space TD IFS Tools IFS Tools
Slide 38: Capital offsets and net capital intensity
Our plans have significant Capital offsets Net Capital Intensity IDM 2.0 Total Capex Investment that enables Targeted both IFS and IDM Net Capital Intensity % Capital (Net Capex / Revenue) Offsets 100% Capital Offsets Assumed in our Plan Additional Prepay and Financing Opportunity '22-26 IDM 2.0 202
Slide 39: Our Beliefs, Our Strategy, Our Execution
Our Beliefs Our Strategy Our Execution 1 We are in an era of sustained, Deliver leadership products… long-term demand Foundry The insatiable need for 2 …Anchored on compute drives the value of open and secure platforms Accelerated Moore’s Law IDM 2.0 Auto & Compute & Mobility Graphics Software & Sec
Slide 40: Milestones to date, 1H'22 and 2H'22
To Date 1H’22 2H’22 Alder Lake Sapphire Raptor Ramp Rapids Lake Alchemist Ponte shipping Vecchio Intel Manufacturing Shipping 7 Ready Ohio EU Mobileye IPO IFS Anchor Customer
Slide 41: Milestones through 2024
To Date 1H’22 2H’22 2023 2024 Arrow Alder Lake Sapphire Raptor Meteor Lake Ramp Rapids Lake Lake Granite Sapphire Alchemist Rapids & Ponte Emerald Rapids HBM shipping Vecchio Sierra Rapids Forest Intel Manufacturing Shipping 7 Ready Ohio EU Manufacturing Ready Mobileye IPO IFS Anchor Customer
Slide 42: Why invest in Intel
Participating in high-growth markets Sustainable competitive advantages Executing the right strategy Strong leadership and culture Innovative ways to unlock shareholder value
Slide 43: intel.
intel.