Intel Corporation, one of the largest chip/processor makers in the world is winding up its business in Pakistan. Reportedly the company, as part of their global business strategy is focusing on more lucrative markets and is shutting down its offices in Pakistan to cut down the costs.
The company apparently is focusing more on Cloud Computing as compared to the hardware part of their business. The company has retained its operations through channel business partners and vendors in Pakistan, where the operations are directed from regional offices based in Malaysia.
Intel laid off many of its employees in Pakistan where a few selected has been shifted to various regional offices in countries like Malaysia and Singapore. While many foreign companies are rushing to Pakistan, Intel’s exit is quite surprising.
Intel as a company can be seen moving towards new horizons as the company can be seen moving past the crazy smartphone’s chips phase. The company is focusing its energies on the fifth generation wireless communication service.
The company following Qualcomm’s lead revealed its 5G modem chip earlier this year, and it is looking towards the home internet as its earliest potential application.
At MWC 2017, Intel announced its partnership with Nokia, where it is opening two 5G solutions labs in US and Finland. the purpose of these labs is to test and accelerate the commercial readiness of the new 5G wireless technology.
Though in light of its global strategy it is leaving the Pakistani industry but the good news is that it will still work on various projects related to Intel International Science and Emerging Fair.