Intel Postpones Innovation 2024 Occasion, Cites Poor Funds

As Intel seems to be to streamline its enterprise operations and get again to profitability within the face of weak revenues and different enterprise struggles, nothing is off the desk as the corporate seems to be to chop prices into 2025 – not even Intel’s commerce exhibits. In an surprising announcement this afternoon, Intel has begun informing attendees of its fall Innovation 2024 commerce present that the occasion has been postponed. Beforehand scheduled for September of this yr, Innovation is now slated to happen sooner or later in 2025.

Innovation is Intel’s common technical showcase for builders, prospects, and the general public, and is the successor to the corporate’s legendary IDF present. Lately the present has been used to ship standing updates on Intel’s fabs, introduce new consumer platforms like Panther Lake, launch new merchandise, and extra.

However after 3 years of exhibits, the way forward for Innovation is up within the air, as Intel has formally postponed the present – and with a less-than-assuring dedication to when it could return.

In a message posted on the Innovation 2024 web site (registration required), and individually despatched out through e-mail, Intel introduced the postponement of the present. In lieu of the present, Intel nonetheless plans on holding smaller developer occasions.

Individually, in a press release despatched to PCMag, the corporate cited its present monetary state of affairs, and that they “are having to make some robust selections as we proceed to align our price construction and look to evaluate how we rebuild a sustainable engine of course of expertise management.”

Whereas Intel had not but printed a full agenda for the now-delayed present, Innovation 2024 was anticipated to be a serious showcase for Intel’s Lunar Lake and Arrow Lake consumer processors, each of that are due this fall. Arrow Lake specifically is Intel’s lead product for his or her 20A course of node – their first node implementing RibbonFETs and PowerVia bottom energy supply – so its launch will likely be an vital second for the corporate. And whereas the postponement of Innovation received’t influence these launches, it signifies that Intel received’t have entry to the identical stage or built-in viewers that comes with internet hosting your individual commerce present. By no means thoughts the misplaced alternatives for software program builders, who’re the core viewers for the present.

Formally, the present is simply postponed. However given the lead time wanted to order the San Jose Conference Heart and related venues, it’s unclear whether or not Intel will be capable to host a present earlier than the second half of 2025 – at which level we’d be nearer to Innovation 2025, making Innovation 2024 de facto cancelled.

Within the meantime, the corporate has already introduced that they’ll be launching Lunar Lake at IFA in Germany in September. So that is still the subsequent massive commerce present for Intel’s consumer chip group.