"Intel Hires Justin Hotard as New EVP to Spearhead Data Center and AI Division"
Intel has appointed Justin Hotard, a former executive at Hewlett Packard Enterprise, as the new head of its data center group. Hotard replaces Sandra Rivera, who will now lead Intel's new programmable chip business. Despite Intel's data center group being one of its most profitable sectors, the company has faced a decline in market share and a 25% drop in data center revenue this year due to increased competition and a slowdown in business spending. Intel is optimistic that new semiconductor technologies will enhance its competitiveness, particularly in the AI data center market. Hotard, with his experience in high-performance computing and AI, is expected to drive Intel's vision and customer empowerment forward starting February 1.