Name: Intel CEO: 2020 will be a record year
Uploaded: 2020-02-11
Duration: 6 min 17 s
Description: Bob Swan says the global economy is stable and shares his worries about the coronavirus.

[ MUSIC ] Bob, it looks like the 2020 is off to a great start for Intel earnings is stronger than expected. Your stock is rallying. And now you're predicting a record year for Intel. What's going on? We play in a world where there's this insatiable appetite for data. And with that appetite for data whether it's enterprises are consumers they need to process certain analyze it make that data relevant and store it and retrieve it so that it can be useful in that world that places real demand for the things that we do and that and it's in some areas what's positioned us over the last several years and we believe. Again in 2024, to be at another record year for the company. So you're talking about this insatiable appetite for data. Why now and what's changed? Well, I think there's more and more devices. If you think about it, we have more and more compute devices and more and more places that have the ability to ingest information. Whether it's the devices we hold in our hands, whether it's the automobiles that drive down the street, whether it's the PCs behind your desk. We have more and more devices that are ingesting data. So I think with the compute advancements and the billions of connected devices It allows us to collect more data but then use emergent technologies like our artificial intelligence to take that data to make meaning of it and make the data meaningful so that it can be acted on. So it's billions and billions of devices with compute capacity processing more and more information. So you talk about artificial intelligence, we also here a lot about 5G, where are the big opportunities for Intel? What's most crucial for you? For us, 5G and the implications of compute moving closer and closer to the edge. Second, artificial intelligence, and then third What we called Intelligent Edge. Intel- And what's that? I think the best example is your car. In the advancements of assisted driving to ultimately what we believe will be autonomous vehicles that can actually drive on their own, the amount of compute capacity that goes into those cars and the software and the algorithms that are required To improve safety and congestion of traffic, is where technology is playing at the edge. That before was limited to your PC or your server in the cloud, that computer's moving more and more to the edge. This all sounds very exciting for Intel, but as you look at your goals in the context of the slow pace of the global Economy. Is that holding you back. There's no question for our global footprint that a strong economy drives demand for our products. So and we've we've had a relatively strong environment for the last several years. I think as we think about 2020, we see stability Anxiety but stability, and we feel pretty good about the prospects for 2020. Talk to us a little bit about China, because it's a big part of your business for Intel. What's your 2020 outlook for China? Well, we feel great kind of coming into the year, versus where we've been for the last 18 months. Just that- In what way? Just the fact that the governments are having discussions around global trade and how to facilitate global trade. So with the resolution of phase one of the agreement, in essence what that has done is reduce the risk of tariffs. For the flow of product and is excluded some products from the list, particularly notebook computers, so we're big proponents of global trade and we're somewhat encouraged that there's constructive dialogues going on that will, we believe reduce the impediments From trading into a market is very important for us. What about this corona virus that everybody is so worried about you do have factories you have a lot of employees in China. To what extent are fears about the virus slowing down your business there? Well, first and foremost at this stage, our primary energies are deployed towards ensuring the safety of our 10, 000 plus employees in China. So far in terms of flow of goods, product, it's been okay. But we're on top of it, we're ensuring that the products that we ship there and / or manufacturing there are getting to the customers that need them most and it's a daily event. But I would say most importantly for us At this stage, is ensuring the safety and welfare of our employees. But from a business perspective, what are the risk factors for your business if the virus spreads? We're a global company with manufacturing assembly footprints all over the world. We ship. To everybody all over the world and to the extent flow of goods is constrained because of concerns around health and safety in particular areas that will slow down the flow of goods which, in turn which slow down the growth of our business. How worried are you about it? We worry about it and we try to Mitigate the inherent risks associated with it So Bob, looking to the future, let's say three years out, how do you want people to be describing Intel and what it's doing and how is it different than what they're saying about the company today? Three years from now I'd like for us to be described as the Intel Inside is the company that powered the computer revolution. It goes well beyond APC but powering autonomous driving, it improves safety of cars moving on the road. This is empowering technology being deployed in your home that makes things more safe and secure I'd like the evolution of Intel to be the technology provider that powers that compute revolution in an increasingly data centric world. [ BLANK_AUDIO ]

Intel CEO: 2020 will be a record year

Leadership

Swan says global economy stable but worries about COVID-19

Bob Swan says the global economy is stable and shares his worries about the coronavirus.