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."
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.
