The chipmaker missed the boat on mobile and is now trying to solidify its position as a supplier of the “new new” wave of computing: the so-called Internet of Things. That means it is making connected chips for anything from self-driving cars to jet engines. And it hasn’t entirely given up on mobile either. It was recently reported that Intel will supply up to 50% of the modems for Apple’s upcoming iPhone 7. Last November, the company landed another coup when it poached Murthy Renduchintala from Qualcomm to lead its newly-formed IoT division. But those wins haven’t been enough to stem the losses. Last year’s revenue came in at $55.4 billion, down 1% from the year before, with its PC and software groups seeing the biggest declines.
News about Intel
Shares of both chipmakers rose on a report that suggested an announcement is coming.
"The more sensors, the better."
New tests found Qualcomm's chip downloaded quicker with stronger connections.
It's a rare setback for the European Commission.
Videos about Intel
In a push for the development of self-driving cars
We've got a spec-tech-tacular show with the best of Disney's Bob Iger, Intel's Brian Krzanich, DraftKings's Jason Robins, and much more!