Intel Needs to Build Electric Car Batteries, Say Co-founder Grove
Santa Clara (CA) – Expanding its business beyond its core strength, microprocessors, has always been difficult for Intel. Trends have been followed and abandoned again in the past and now it is time to consider a new business field for the company, co-founder, former chairman and CEO Andy Grove says: Car batteries. [See EV World video of Andy Grove speech].
Grove, who led Intel through its most successful growth face in the 1990s, mentioned this idea during a conversation with the Wall Street Journal. In his view, Intel should take advantage of a major business opportunity and become a leading manufacturer of advanced batteries for plug-in electric vehicles.
According to the article, Grove, who retired in 2005, still advises Intel’s leadership, as does Gordon Moore, and he is apparently urging the current CEO Paul Otellini to take Intel go into the battery business. As of now, it is unclear if Otellini will follow Grove’s advice, but if he did, it would certainly be a rather unusual strategic move.
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