Intel is discontinuing its automotive architecture business, which involves laying off a significant portion of its workforce. This decision, communicated in an internal memo and confirmed by Intel, is part of a larger strategy to concentrate on their primary client and data center sectors. Although the automotive division did not generate substantial revenue, it was involved in the development of automated vehicle technology and had made considerable investments in the sector. Notably, Intel previously acquired Mobileye for $15.3 billion to bolster its presence in self-driving technology.
"As we have said previously, we are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers."
"Intel's automotive business might not be the dominant revenue generator at the semiconductor company, but the division has been active in automated vehicle technology and the emerging trend of so-called 'software-defined vehicles.'"
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