Intel and ASUS Agree to Term Sheet to Take Intel NUC Systems Product Line Forward
July 18 2023 - 6:00PM
Business Wire
Intel and ASUS agree to term sheet to
manufacture, sell and support 10th to 13th Gen NUC systems product
line and to develop future innovative NUC systems product
designs.
What’s New: Today, Intel announced it has agreed to a
term sheet with ASUS, a global technology solution provider, for an
agreement to manufacture, sell and support the Intel® Next Unit of
Compute (NUC) 10th to 13th generations systems product line and to
develop future NUC systems designs.
“Our NUC systems product team delivered
unique products that spurred innovation in the ultra-small form
factor market. As we pivot our strategy to enable ecosystem
partners to continue NUC systems product innovation and growth, our
priority is to ensure a smooth transition for our customers and
partners. I am looking forward to ASUS continuing to deliver
exceptional products and supporting our NUC systems customers.” –
Sam Gao, Intel vice president and general manager of Intel Client
Platform Solutions
Why It Matters: Intel is pivoting its strategy to enable
ecosystem partners to continue NUC systems product line innovation
and growth. ASUS’s expertise and track record delivering
industry-leading mini PCs to customers make it ideally suited to
continue driving innovation and growth in NUC systems products.
“Thank you, Intel, for your confidence in us to take the NUC
systems product line forward. I am confident that this
collaboration will enhance and accelerate our vision for the mini
PC – greatly expanding our footprint in areas such as AI and AIoT,”
said Joe Hsieh, ASUS chief operating officer. “We are committed to
ensuring the excellent support and service that NUC systems
customers expect.”
What’s Next: Under the proposed agreement, ASUS will
receive a non-exclusive license to Intel’s NUC systems product line
designs, enabling it to manufacture and sell 10th to 13th Gen NUC
systems products and develop future designs. This will enable ASUS
to provide product and support continuity for Intel NUC systems
customers. ASUS will establish a new business unit called ASUS NUC
BU.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
Forward Looking Statement
This press release contains forward looking statements regarding
the planned agreement between Intel and ASUS. Such forward looking
statements involve a number of risks and uncertainties that could
cause actual results to differ materially from those expressed or
implied, including: the risk that the parties may be unable to
reach a definitive agreement in a timely manner or at all; the risk
that the expected benefits of the agreement, including the ability
to effectively continue the NUC systems product line, may not be
realized; the high level of competition and rapid technological
change in the computer systems industry; and other risks and
uncertainties described in Intel’s earnings release dated April 27,
2023, 2022 Annual Report on Form 10-K and other filings with the
SEC. All information in this press release reflects Intel
management views as of the date hereof unless an earlier date is
specified. Intel does not undertake, and expressly disclaims any
duty, to update such statements, whether as a result of new
information, new developments, or otherwise, except to the extent
that disclosure may be required by law.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
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version on businesswire.com: https://www.businesswire.com/news/home/20230718192632/en/
Thomas Hannaford 1-718-820-6604 thomas.hannaford@intel.com
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