Grazed from FirstPost. Author: Editorial Staff.
Intel is going through a rough phase. Some weeks back it had lowered its revenue forecast for the year and decided to cut down about 11.5 percent of its workforce in order to realign the business. In the latest news from the world’s largest chipmaker, there are plans to keep the smartphone SoC divisions on hold for now – effectively putting Intel out of the race among the smartphone chipmakers.
In a report published by analyst Patrick Moorhead, Intel will most likely be cancelling its forthcoming Broxton and SoFIA products, thereby leaving the smartphones and tablets market for the time being. In its response to a report on AnandTech, Intel has stated that it is accelerating its transformation from a PC company to one that will be known for cloud computing as well as smart, connected devices...
“We will intensify our investments to fuel the virtuous cycle of growth in the data center, IoT, memory and FPGA businesses, and to drive more profitable mobile and PC businesses. Intel delivers a broad range of computing and connectivity technologies that are foundational to this strategy and that position us well to lead the end-to-end transition to 5G,” said Intel in its statement...
Read more from the source @ http://tech.firstpost.com/news-analysis/intel-cancels-upcoming-atom-based-smartphone-socs-to-concentrate-on-cloud-iot-and-5g-technology-312483.html
