Intel knows it needs to ‘leapfrog’ ARM and AMD, says CEO Lip-Bu Tan

Intel CEO Lip-Bu Tan has acknowledged that the semiconductor giant must catch up to rivals AMD and Arm, and said it now assumes edge AI and robotics will be a business as big as PCs. Tan made those remarks during Intel’s Q2 earnings call, which saw the company report $16.1 billion revenue – a 25 percent year-on-year increase. “Q2 was another quarter of solid execution,” the CEO said.