08/09/2019 Intel's (INTC) Management on Citi Global Tech Conference - Transcript | Seeking Alpha

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Intel's (INTC) Management on Citi Global Tech Conference -

Transcript
Sep. 4, 2019 4:01 PM ET11 comments
by: SA Transcripts

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Intel Corporation (NASDAQ:INTC) Citi Global Tech Conference September 4, 2019 9:30
AM ET

Company Participants

Jason Grebe – Corporate Vice President, General Manager, Cloud Platforms and
Technology Group

Conference Call Participants

Operator

Jason Grebe

Yes. Sure. Good morning, everybody.

Unidentified Analyst

Starting off with the toughest question, and it'll get easier from there.

Jason Grebe

I appreciate that. We feel really, really good about our product road map right now. We
have a full road map of products, starting with our Cascade Lake processor on 14
nanometer, that will be ramped at the beginning of this year. That product has a slew of
product features in the product. For example, we have DL boost technology in a product,
which is inference technology built into the CPU. We have Optane persistent memory,
which we'll talk a little bit about later, which is a custom DIMM platform for – only works on
our Cascade Lake CPU in our future generation products. It's basically having us redesign
our memory architecture between storage and memory. Only available on Cascade Lake
and future generation processors.

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We continue to have software advancements that we've been working on for decades with
the cloud customers. And then beyond that, we have our library support, all our
optimization work that we drive. And we have a full slate of products from everything from
$100 CPUs up to multi-thousand dollar CPUs. We have custom SKUs for our cloud
customers and we have products that are specifically designed for both networking and
comms in the cloud segment. So overall, we feel fantastic about our product road map
and we're really excited for the next couple of years.

Unidentified Analyst

Yes. A lot of stuff to chew on there, how do you feel, specifically, about your performance
versus the competition? And then maybe for those in the audience that aren't as
technically savvy as yourself, what are the metrics we should be looking at? Is it still – I
don't think it's spec in/spec out for you anymore, what should we be looking at as we sift
through all the testing websites like Tom's Hardware?

Jason Grebe

Yes. It's really complicated because in the cloud specifically, it's all about what applications
we're trying to run, what TCO they're trying to get and what performance pullout they're
trying to get. So at the end of the day, what we do in Intel is we work directly with our
customers with application-specific engineering folks to make sure we optimize the
application that the cloud folks are running. So it's beyond just a benchmark of data, it's
really about what workload or application you're trying to run and how you get the best
TCO performance out of that application. So we spend a lot of time not only on the
hardware side, but also on the software side making sure we're optimizing how that
application actually is tuned and how it runs.

And for us, that is really – a really big investment not just in the hardware development
side, but also on the ground, sitting in the labs and working with our customers day in and
day out to tune that application, which it runs most efficiently.

Unidentified Analyst

And then you talked about all the other kind of things you do around the processor to
increase stability. Maybe just talk about the peripherals and what happens outside or
around the processor that Intel is working on and that also goes into the, I guess, the
decision from a customer's point of view.

Jason Grebe

Yes. Sure. So we not only sell microprocessors, which most people know, but what we're
really trying to focus on is how we win all the silicon in the data center. And that's
everything from Optane persistent memory product line which we previously talked about.
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It is on the NIC and connectivity side. It goes on the SSDs and the storage side. So it's the
full gamut of products and we're getting into some of the ASICs from a training and
inference perspective and then down the road also we're also getting into the GPU
business.

Comments (11)

ephud
For pretty much the entire history of the industry, Intel was the undisputed leader in process technology for high
volume manufacturing and their yields were the envy of the industry. So how is it that Intel took years to get quad
patterning to work but others seem to have had 10nm working for some time now? Do they not use quad
patterning? Is a 4th step in patterning really that much more difficult than 3? How could Intel get themselves into
such a jam without a plan B? They are years late with 10nm and the explanation offered above does not address
the critical questions.

05 Sep 2019, 02:13 PM

IT Opinion
@ephud

"They are years late with 10nm and the explanation offered above does not address the critical
questions."

Honestly, that is all in the past when looking at the stock price. The most important piece of information I
read was;

"...The good news is it has 0 to do with 10 nanometer or 10 nanometer yields or 10 nanometer output..."

If Ice Lake for the data center is yielding well, IMO - AMD's advantage may be short lived. This is likely
good news for Intel longs.

05 Sep 2019, 04:41 PM

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