As part of cost-cutting measures, Intel will discontinue development of its network switching product line. The Tofino switching silicon products were part of the acquisition of Barefoot Networks.
Prepared comments from CEO Pat Gelsinger for the Q4 investor call:
“We enter 2023 with a view that much of the macro uncertainty of the last year is likely to persist, especially in the first half of the year. As such we are laser-focused on executing to our $3 billion in CY23 cost savings that we committed to on our Q3 earnings call. We are making tough decisions to right-size the organization, and we further sharpened our business focus within our BUs (business units) by rationalizing product roadmaps and investments. NEX continues to do well and is a core part of our strategic transformation, but we will end future investment on our network switching product line, while still fully supporting existing products and customers. Since my return, we have exited seven businesses, providing in excess of $1.5 billion in savings. We are also well underway to integrating AXG (Accelerated Computing Systems and Graphics) into CCG (Client Computing Group) and DCAI (Data Center and AI Group), respectively, to drive a more effective go-to-market capability, accelerating the scale of these businesses while further reducing costs.”
Intel also posted notices regarding a discontinuation of its Pathfinder for RISC-V tool, which enables the exploration of RISC-V IP utilizing FPGA platforms. The software supported development on and testing of a wide range of opensource and commercial RISC-V processors in an FPGA environment.
