SANTA CLARA, Calif. -- During a two-hour Web cast today, Intel president and CEO Craig Barrett place his emphasis on "looking beyond the turbulence" in 2001 as he and other top executives outlined plans for better times next year. Those plans include the delivery of a 3-GHz Pentium microprocessor in 2002.
While Intel executives tried to put the troubles of 2001 behind them, Barrett acknowledged that the current semiconductor downturn was two times worse than 1985--which, until now, has been considered by most industry veterans as the worst year ever for the IC industry.
"This is the biggest slowdown that the industry has ever seen," Barrett declared during the Web cast. "There are a number of turbulent things going on in the market today," he said.
The Intel executive projected that the PC-based chip market would fall by 25% in 2001 over 2000, while the communications IC business is projected to decline by 30%.
But still, Intel is looking "beyond the turbulence" he said. "The current turbulence that we're seeing today are not that different than we've seen before."
Long term, Intel is bullish, especially in the wireless, wireline, and, of course, PCs. "The Internet build-out is just starting," he said.
The Intel chief executive officer also said the company's customer base is expanding into some new and emerging regions, such as Eastern Europe, Latin America, and others.
In 2002, the company projects a strong year. It also outlined some product initiatives to boost its sales.
For example, Intel plans to roll out a 3-GHz Pentium 4 processor in 2002. It also hopes to ship a Pentium 4 processor for the notebook market in the first quarter of 2002.
It also will ship 1-GHz, low-voltage processor for notebooks next year. And, it plans to ship a graphics IC and separate integrated chip set next year.