Former Intel CEO and Co-Founder Andy Grove has an interesting proposition for his former company. He believes that the emerging market for plug-in electric vehicles and hybrids presents a major business opportunity for Intel to become a leading manufacturer of advanced batteries. While Mr. Grove retired in 2005 he still serves as an advisor to Intel’s leadership, including CEO Paul Otellini. This would mark a major divergence from Intel’s current business model, as it would be unlikely much of their current research could be applied to such a drastically different product. In the early 2000s, Intel tinkered with producing consumer electronics, but the idea was shelved after a short time. More recently, Intel has abandoned business units that did not closely relate to its chip business. There is no doubt that the potential exists for advanced batteries to be a highly lucrative product as the public becomes ever more aware of environmental concerns and automotive manufacturers begin to design more electric and hybrid vehicles. One of the main obstacles for GM’s Chevy Volt program is the lack of advanced battery technology to power it for a reasonable amount of time. Even though it would require creation of new departments from the ground-up Intel’s financial resources make it a possible, although currently improbable, business venture. Currently there is no word from Paul Otellini on whether Intel is actively considering Grove’s advice.
Source: TG Daily