Intel has notified attendees of its Innovation event scheduled for late September about its postponement to 2025, capping weeks of bad news for the silicon giant.
The decision comes after the company lost money in its last quarter, triggering mass layoffs, a huge capitalization drop, and an uninspiring business outlook as it deals with issues with its degrading 13th and 14th Generation Core CPUs. The delay is not expected to have any impact on Intel's launch plans for this year, at least for now.
"After careful consideration, we have made the decision to postpone our Intel-hosted event, Intel Innovation in September, until 2025," a statement by Intel reads. "For the remainder of 2024, we will continue to host smaller, more targeted events, webinars, hackathons and meetups worldwide through Intel Connection and Intel AI Summit events, as well as have a presence at other industry moments."
In a statement to PCMag, Intel said that in light of its financial results and the more challenging-than-expected outlook for the second half of 2024, the company had to make some difficult decisions as it continues 'to align our cost structure and look to assess how we rebuild a sustainable engine of process technology leadership.'
It should be noted that Intel's marketing department is about to experience significant cuts, which makes organizing big events difficult. The company may simply not have enough personnel to run an event of substantial scale.
While Intel's Innovation events are important for analysts, customers, and developers as they can learn more from the firm about its future plans, get hands-on experience, and discuss how they can use Intel's technology, these events are not exactly meant for large product launches, unlike Intel Developer Forum (IDF) from back of the day. Arguably more important for the general public are Intel's status updates and demonstrations of next-generation products, such as showing off a PC running on its 2025 Panther Lake CPU.
That said, the delay of Intel Innovation 2024 does not mean that the company will postpone products. At least for now, Intel has not announced any changes to its plans concerning Core Ultra Series 2 'Lunar Lake' processors for laptops (due to be announced in early September), Arrow Lake CPUs for desktops, and Xeon 6 'Granite Rapids' and Xeon 6 'Sierra Forest' products for data centers. But we are probably not going to see Intel's 2026 CPU in action this September.
