Intel's Ambitious Goal: Reaching $1 Billion in Software Sales by End of 2027

Friday, 12 July 2024, 06:44

Intel's software revenue surged over $100 million in 2021 following strategic executive appointments and acquisitions. Lavender, previously from VMware, was enlisted by CEO Pat Gelsinger to lead Intel's software direction. The chipmaker has since bolstered its portfolio with acquisitions of three software companies, demonstrating a clear path towards the ambitious $1 billion software sales target by 2027.

Moneycontrol — Intel's Ambitious Goal: Reaching $1 Billion in Software Sales by End of 2027

Intel's Software Revenue Growth

Intel's software revenue surpassed $100 million in 2021.

Key Executive Appointments

Lavender joined Intel from VMware to drive the software strategy.

Acquisition Strategy

Intel acquired three software companies.

The company is now on track to achieve $1 billion in software sales by 2027.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Intel's Software Revenue Growth

Key Executive Appointments

Acquisition Strategy

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