U.S. chip maker Intel Corp plans to invest US$1.6 billion to revamp its chip factory in the city of Chengdu in western China over the …
ARM Holdings, the mobile processor manufacturer, saw a sudden slide in share prices, following the announcement by its largest user, Samsung Electronics Co. that it would now use chips made by Intel Corp. for its latest Samsung Galaxy Tab 3.
It was merely a question of time before Intel Corp. would begin to focus on its mobile processor segment, considering the runaway success of Qualcomm. Not surprisingly, the US-based company has for some time now been working on improving its standard Atom mobile processors. And at last the launch of the new microarchitecture – Silvermont – was solemnly announced by Intel Corp.’s chief product officer Dadi Perlmutter on the 6th of May.
Intel Corp. has bet on a faithful employee as it announced that Brian Krzanich was named as chief executive officer. The choice was much predictable, yet analysts hoped for a professional out of the company who would bring fresh ideas and revolutionary changes to Intel which has been struggling due to a slump in demand for PCs. New Intel CEO Brian Krzanich is widely expected to introduce steps aimed at adjusting the company to growing popularity of mobile devices as this electronics segment has not been a main focus of the chipmaker .
It seems that the PC industry is not recovering from the continuing curse as Intel Corp. informed that the second quarter revenue would slump approximately 8 percent. In addition, the world’s largest computer chip maker also intends to cut its current 2013 capital spending as it has been struggling due to intensely growing popularity of the mobile devices. However, Intel Corp. hopes that strong demand for server chips will help it to overcome its ongoing problems.
Paul Otellini, chief executive officer at Intel Corp., informed the company’s board that he would stand down in May 2013. Certainly news was a shock for the world’s largest maker of microprocessor as the company struggles amid a shaky economy and a mobile gadget frenzy that is significantly decreasing demand for Intel Corp.’s PC chips.
The weak outlook of Intel Corp. drove away all lingering hopes for the revival in the demands of PCs by the end of this year. Intel fourth quarter margins and revenue went through a setback thereby pushing their shares 2 percent lower than original.
Intel Capital, which is Intel Corp.’s global investment and M&A arm, announced that it would invest up to $40 million in 10 innovative technologies companies, including five from Asia. Intel Capital is currently involved in investing in approximately 300 technology startups from all over the world.