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Intel Corporation (INTC) is the world’s largest chip producer. It designs and manufactures microprocessors for the global personal computer and data center markets. The company has been gradually reducing its dependence on PCs by moving into data-centric businesses such as artificial intelligence and autonomous driving.
Last year, its data-centric businesses made up 48.6% of revenues. This indicates that its data business is generating close to what the PC business does. The growth in its data business is expected to continue and even surpass its PC business in the years ahead. But we can’t forget that INTC still holds a dominant market share for microprocessors in the consumer and enterprise markets.
