Intel Delays Innovation 2024 Event, Citing Financial Struggles

IFA Berlin

Intel has postponed its annual trade show, Innovation 2024, due to financial concerns and will instead host smaller developer events, raising doubts about the show's future.

1. Intel is taking proactive steps to streamline operations and regain profitability. 2. The company is committed to engaging with the developer community through smaller events and industry gatherings. 3. The postponement of Innovation 2024 will not affect the launch of highly anticipated products, such as Lunar Lake and Arrow Lake.

Intel, in its ongoing efforts to streamline operations and regain profitability, is making tough decisions and cutting costs wherever possible. This includes postponing its fall trade show, Innovation 2024, which was originally scheduled for September of this year. The event will now take place sometime in 2025.

Innovation is Intel’s annual showcase for developers, customers, and the public, serving as a platform to provide updates on Intel’s fabs, introduce new client platforms, and launch new products. However, after three successful years, the future of Innovation is uncertain as Intel has officially postponed the show without a clear commitment to its return.

In a message posted on the Innovation 2024 website and sent via email, Intel announced the postponement and stated that instead of the show, they will be hosting smaller developer events. The company plans to continue engaging with the developer community through webinars, hackathons, meetups, and other industry events.

Intel cited its current financial situation as the reason behind this decision, as the company aims to align its cost structure and rebuild a sustainable engine of process technology leadership. While the full agenda for Innovation 2024 had not been published, the show was expected to feature Intel’s highly anticipated Lunar Lake and Arrow Lake client processors, both set to launch this fall. The postponement of the show will not affect these launches directly, but it does mean that Intel will miss out on the opportunity to showcase these products on their own stage.

It remains unclear if Intel will be able to host a show before the second half of 2025, given the lead time required to secure venues like the SAN Jose Convention Center. This raises doubts about the viability of Innovation 2024, as by the time a show could be organized, it would be closer to Innovation 2025, essentially rendering the 2024 edition canceled.

In the meantime, Intel has already announced that they will be unveiling Lunar Lake at IFA in Germany this September, making it the next significant trade show for Intel’s client chip group.

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About Intel:

Intel Corporation, a global technology leader, is for its semiconductor innovations that power computing and communication devices worldwide. As a pioneer in microprocessor technology, Intel has left an indelible mark on the evolution of computing with its processors that drive everything from PCs to data centers and beyond. With a history of advancements, Intel's relentless pursuit of innovation continues to shape the digital landscape, offering solutions that empower businesses and individuals to achieve new levels of productivity and connectivity.

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The IFA or Internationale Funkausstellung Berlin (International radio exhibition Berlin, a.k.a. 'Berlin Radio Show') is one of the oldest industrial exhibitions in Germany. Between 1924 and 1939 it was an annual event, but from 1950 it was held every other year until 2005. Since then it has become an annual event again, held in September. Today it is one of world's leading trade shows for consumer electronics and home appliances.

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