Sun, Oct 26, 2014, 2:31 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Intel Corporation Message Board

  • sujit_98 sujit_98 May 9, 2013 10:31 AM Flag

    Intel's new chief says push into mobile technology will gather steam on his watch

    IAN KING – 09 MAY 2013

    INTEL, the world's largest chipmaker and a major employer in Ireland, will appoint chief operating officer Brian Krzanich as chief executive officer next week, leaning on an insider to accelerate a shift toward mobile devices as the personal-computer age wanes.

    The former factory manager will become the sixth CEO in Intel's history at the annual shareholder meeting next Thursday, when Paul Otellini, (62) steps down as CEO and director.

    In opting for Mr Krzanich (52), Intel hewed to a tradition of hiring for the top job from within, backing a three-decade veteran who firmly grasps the complexities of making the chips that run more than 80pc of the world's PCs.

    Yet, as Intel lags behind Qualcomm in the production of semi-conductors for smartphones and tablets, the decision not to appoint an executive who has expertise in mobile technology carries risks.

    "A fresh set of eyes from an external candidate might have been a good move," said Cody Acree, an analyst at Williams Financial in Dallas.

    "Intel has to be ultra-successful in another large market or in a lot of markets to re-invigorate your growth."

    Mr Krzanich's main challenge will be jump-starting Intel's efforts to gain ground in the market for chips that run mobile devices.

    The PC industry, Intel's stronghold, is facing its second consecutive decline in annual sales this year while tablets and smartphones continue to surge.

    Intel has spent more than a decade and billions of dollars trying to gain a foothold in smartphones, yet chip

 
INTC
33.18+0.49(+1.50%)Oct 24 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Digital River Inc.
NasdaqGSFri, Oct 24, 2014 4:00 PM EDT
Yelp, Inc.
NYSEFri, Oct 24, 2014 4:01 PM EDT