Intel forms unit to develop chips for smartphones, tablets: "Intel on Wednesday said it has formed a unit that will focus on chips for smartphones and tablets.
The move consolidates four separate product groups.
The new group will be led by led by two executives. One is Mike Bell, who previously worked at Apple and Palm Inc.The other is Hermann Eul, who came to Intel in 2010 when it bought Infineon and most recently led a group called "Mobile Communications."
The move comes about a year after Intel made a similar move by creating a unit to focus on networks and tablets.
Intel is trying to find new revenue streams after a slowdown in the PC market as users shift to tablets and smartphones.
The Santa Clara, Calif.-based company on Monday cut its fourth-quarter revenue forecast by a billion dollars, blaming the hard-disk drive shortage caused by floods in Thailand.
Earlier this year, Intel closed its standalone research lab at the University of Washington, but also gave $250,000 to the UW to fund research on silicon photonic chips. In September, Intel opened a center at UW to develop smart-home technology. Intel also has significant operations in the Portland suburb of Hillsboro, Ore."
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