Last week was a pretty bad one for Intel, which saw its share price decline in the wake of news that it’s to layoff 12,000 employees, or about 11 percent of its total workforce, but that hasn’t hurt company CEO Brian Krzanich’s optimism one little bit.

In a blog posted yesterday, the CEO attempted to outline the future for Intel as he sees it, singling out the cloud (data centers), the Internet of Things (IoT) and 5G as its great white beacons of hope. Besides that, he also expressed his hopes that “Moore’s Law” isn’t quite dead yet.

What with the perilous state of the PC market, Intel’s bread and butter, it comes as no surprise that Krzanich is keen to play up the company’s other businesses. What was a surprise however, was Krzanich’s decision to massively inflate the IoT market he has such great hopes for, by lumping PCs with them. According to him, the “Things” make up not just mobiles, sensors and gadgets, but also notebooks themselves. Curiously, Krazanich made no mention of Intel’s decision, just one month ago, to create a new IoT business unit that doesn’t include chips for laptops.

Still, regardless of what makes up the IoT, analysts agree it’s going to be a big business. And more to the point, it’s going to help grow one of Intel’s other key businesses – data centers, which will be necessary to do all the heavy lifting for the IoT. According to Krzanich, the data center is going to get so big that it will soon buy more chips than PCs themselves.

Krzanich also spoke of his interest in pursuing Big Data analytics, and building the chips necessary to power it all.

“We’ll accelerate the power and value of analytics by continuing to innovate in high-performance computing, big data and machine learning capabilities”, Krzanich wrote.

All of this will be linked to the IoT as well, Krzanich insisted. He said “everything that a “thing” does can be captured as a piece of data, measured real-time, and is accessible from anywhere. And the biggest opportunity in the Internet of Things is that it encompasses just about everything in our lives today – it’s ubiquitous”.

Krzanich also spoke about where he sees storage and memory going in a few years. He said things such as silicon photonics, 3D Xpoint memory tech and Rack Scale Architecture are just the start, with much more to come and a long roadmap that will help the company grow for “years to come”.

As for 5G, Krzanich promised that Intel is poised to take the lead in this field too.

“Intel will lead because of our technological strength to deliver end-to-end 5G systems, from modems to base stations to all the various forms of connectivity that exist today and will exist tomorrow”, he wrote.

Finally, despite Intel’s admission that its Tick-Tock development strategy has officially died a death, and the widespread belief Moore’s Law is no longer tenable, Krzanich seems to disagree. He promised Intel would make rapid progress from the current 14nm process, to 10nm, 7nm, 5nm and “even beyond” that.

Image credit: Intel Corp.