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Jan 17, 2014

Intel to reduce global workforce by 5 pct in 2014

SAN FRANCISCO, Jan 17 (Reuters) – Intel Corp plans
to reduce its global workforce of 107,000 by about 5 percent
this year as the chipmaker, struggling with falling
personal-computer sales, shifts focus to faster-growing areas, a
company spokesman said on Friday.

The announcement, equivalent to over 5,000 positions, comes
a day after Intel posted a fourth-quarter earnings report that
did little to dispel concerns about a slowing PC industry.

Jan 17, 2014

Intel gives lukewarm revenue forecast; shares fall

SAN FRANCISCO, Jan 16 (Reuters) – Intel Corp’s
earnings missed expectations by a penny in the fourth quarter
due to weak spending on servers, and the chipmaker gave a
lukewarm forecast for first-quarter revenue that did little to
dispel concerns about a slowing PC industry.

Intel said on Thursday it overestimated the extent of a
recovery in spending among its enterprise customers, sending its
stock lower, and pointed to political controversy in Washington,

Jan 16, 2014

Intel gives lukewarm revenue forecast, shares fall after-hours

SAN FRANCISCO, Jan 16 (Reuters) – Intel Corp’s
earnings missed expectations by a mere penny in the fourth
quarter and the chipmaker gave a lukewarm forecast for
first-quarter revenue, sending its shares lower after-hours as
investors continued to worry about a slow PC industry.

Personal computer sales are losing ground to tablets and
smartphones but some analysts believe the industry’s decline is
tapering off, potentially giving Intel breathing room as it
struggles to develop better processors for mobile gadgets, a
market it has struggled to enter.

Jan 15, 2014

Intel launches marketing campaign aimed at cloud

SAN FRANCISCO (Reuters) – Chipmaker Intel Corp is taking its long-running Intel Inside marketing campaign into cloud computing in a bid to head off competition from smaller rivals designing low-power chips for servers.

Intel said on Wednesday that providers of data-center services would begin offering their customers details about the Intel chips used to power their servers – helping those customers make better buying decisions.

Jan 14, 2014

Intel shelves cutting-edge Arizona chip factory

SAN FRANCISCO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential.

The “Fab 42″ facility built in Chandler, Arizona, originally slated as a $5 billion project that in late 2013 would start producing Intel’s most advanced chips, will remain closed for the foreseeable future while other factories at the same site are upgraded, said Intel spokesman Chuck Mulloy.

Jan 10, 2014

Wearable gadgets not ready for prime time, tech watchers say

LAS VEGAS/SINGAPORE, Jan 9 (Reuters) – Despite the hoopla,
wearable gadgets like wristwatches for checking your text
messages or eyeglasses that capture video are unlikely to make a
splash with consumers anytime soon, given the clumsy designs,
high prices and technological constraints of many of the current

That is the conclusion drawn by many industry executives and
analysts who trolled the vast exhibition halls of the Consumer
Electronics Show in Las Vegas this week.

Jan 9, 2014

Qualcomm CEO says still in the dark on China antitrust probe

LAS VEGAS, Jan 8 (Reuters) – Qualcomm’s CEO Paul
Jacobs said on Wednesday that the U.S. mobile chipmaker still
has not been notified about why it has come under antitrust
scrutiny in China since late last year.

In November, Qualcomm announced that China’s National
Development and Reform Commission had launched an antitrust
probe into the company. The chipmaker said it was unaware of any
possible violations.

Jan 7, 2014

Intel shows off wearable gadgets as chipmaker expands beyond PCs

LAS VEGAS, Jan 6 (Reuters) – Intel CEO Brian
Krzanich showed off wearable computing devices on Monday
including earbuds that monitor your heart rate and a smart
headset as the world’s largest chipmaker tries to get back on
track after missing out on smartphones.

With PC sales falling and smartphone growth tapering off,
Intel and other technology companies are betting that
movement-sensing bracelets, biometric patches and other wearable
electronic devices may catch on with consumers and become major

Jan 6, 2014

Nvidia CEO talks up mobile chips with brawny PC graphics

LAS VEGAS (Reuters) – Chipmaker Nvidia Corp gave new details of an upcoming chip with beefed-up graphics for mobile gadgets and cars as it faces a slowing personal computer industry and harsh competition in smartphones and tablets.

The K1 is Nvidia’s first mobile chip to incorporate the Kepler graphics technology the company uses in the high-end components it makes for PC game enthusiasts, Chief Executive Jen-Hsun Huang told reporters at an event in Las Vegas on Sunday ahead of the Consumer Electronics Show.

Dec 19, 2013

Oracle’s quarterly results offer hints of recovery

SAN FRANCISCO (Reuters) – Oracle Corp’s better-than-expected results and quarterly revenue outlook spurred cautious hope on Wednesday that the software maker is on track to revive growth curtailed this year by slow IT spending.

The No. 2 software maker posted fiscal-second-quarter results that exceeded expectations, while its outlook for third-quarter earnings was in line with Wall Street estimates.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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