DECEMBER 20238TOP STORIESINTEL CEO PLANS SOLO PATH IN CHIP MANUFACTURINGIntel is not yet ready to spin off IFS as a separate entity and take it public, as it does with its mobile driver business Mobileye, and plans to launch a smart device in the next two to three years.Intel Chief Executive Pat Gelsinger said Thursday that the company has no plans to spin off its contract chip manufacturing business. Gelsinger transferred Inteland's foundry components to Intel Foundry Services (IFS), which operates within Intel. IFS will begin reporting its financial results in the second quarter of next year, Gelsinger said.Intel is not yet ready to separate IFS into a separate legal entity, as it did at Mobileye and plans to release devices with programmable chips in the next 2-3 years. And I think an internal architecture model suits us in today's environment.In some ways, Intel operated two companies: a chip design division and afar division. This is partly to assure IFS customers that Intel is a "clean supplier." Gelsinger said production capacity is low. Currently, most of the plant's ability is being used by Intel, so the CEO said working together is a unique advantage.Gelsinger spoke about Inteland's manufacturing business, which is focused on PC chips and intelligent controls, at a conference in New York. Running AI applications in remote data centers like Microsoft's can be expensive and require them to run on local computers, Gelsinger said.There is no way to have billions of Windows devices in Azure to handle these tasks over time. Gelsinger said. In economic terms, Intel's CEO said Microsoft needs to reduce the amount of data flowing between the cloud and its data centers and computers (Writing by Max A. Cherney in San Francisco; Reporting by Kenneth Li in New York; Editing by Mark Porter). MOTOROLA TO DOUBLE SMARTPHONE EXPORTS IN 2024According to a senior company executive, China's Lenovo-owned smartphone brand Motorola, an early beneficiary of the government's production-linked incentive (PLI) for mobile phone manufacturing, plans to double exports from India beginning next year. This will be accomplished by increasing Indian shipments to North America, a market currently served primarily by China."Our primary export market from India is North America." We are currently exporting 20-25% of our capacity to North America, and growth is increasing year after year. "We intend to double our exports next year (in 2024)," said Prashant Mani, Motorola's executive director of Asia Pacific.According to market analysts, Motorola will export more than one million smartphones from India in 2022, which will be manufactured by local electronics contract manufacturer Dixon Technologies. As of October of this year, it had already exported 800,000 units.Motorola's goal, according to Mani, is to maintain faster growth in exports than in domestic sales. "If we are seeing a 50-60% growth in domestic sellout, exports will grow faster than domestic sellouts."He went on to say that the Indian government has set two main goals for mobile phone companies: exports and localization. Motorola has already achieved a domestic value addition of 50-60%, excluding semiconductor parts, which is higher than rivals such as Samsung and Apple.
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