Intel executive vice-president Mr Paul Otellini said in an interview published today the semiconductor giant should be able to ride out the current sector slump without making further job cuts.
"We feel comfortable with the measures we have introduced," he said in an interview with the
Financial Times Deutschland
.
Intel said in March it would shed 5,000 jobs. Last month it reported a 64 per cent year-on-year fall in first-quarter profits and forecast that second-quarter sales would fall about 20 per cent from last year.
It is due to give a preliminary report on the second quarter, which ends on June 30th, tomorrow.
Mr Otellini, who heads the company's key Intel Architecture Group that recently launched the Itanium 64-bit chip for high-end servers, said Advanced Micro Devices was the only serious rival in its core personal computer chip business.
But Intel was determined to maintain its dominant position. "My goal is to keep Intel's market share at about 80 per cent," he was quoted as saying.
Otellini also said Intel would continue to invest in small technology firms with specialist know-how."Prices are so attractive at the moment," he said.
"We have practically no upper limit. Intel is a very rich company," he said.
