Intel Cancels Several Phone Chips
Intel said it will discontinue a handful of processors meant for smartphones and tablets as it continues to shift its business toward more profitable products. In particular, Intel has cancelled plans to sell three of its SoFIA processor-baseband combination chips. The company also plans to can its ARM-based Broxton tablet processor. Two of the three SoFIA modules included support for LTE, which Intel has been slow to add to its lineup. Intel has struggled to compete against industry veteran Qualcomm and others. Early this month Intel announced a strategic shift away from mobile devices; instead, Intel plans to focus on products for PCs, servers, and the internet of things. Intel is also in the process of cutting some 11,000 jobs to trim expenses as it transforms its focus.
Intel to Trim 12,000 Employees and Refocus Chip Biz
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources.
Tag Heuer, Intel Partner On Second Android Watch
Tag Heuer and Intel today announced the Modular 45, an Android-powered smartwatch run by an Intel processor. As the name implies, the wearable is highly configurable thanks to easy-to-swap modules, horns, bracelets, buckles, and dials.
Intel to Buy Altera for $16.7 Billion
Intel today said it has agreed to purchase Altera Corp. for $16.7 billion.
Intel to Buy Lantiq to Further Internet of Things
Intel today said it has agreed to purchase Lantiq for an undisclosed sum. Lantiq, which is based in Germany, makes broadband and home connectivity equipment.