Nov. 19 (Bloomberg) -- Patrick Wang, an analyst at Evercore Partners Inc., and Craig Stice, senior principal analyst at IHS iSuppli, talk about Intel Corp. Chief Executive Officer Paul Otellini's plan to retire. They speak with Bloomberg's Nicole Lapin on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Intel Corp. increased its cash pile by $2 billion last quarter selling the fingernail-sized chips that run the world’s personal computers, underscoring the technology industry’s ability to wring profit at an unprecedented pace.
Intel Corp. is girding for a third straight quarter of falling sales, highlighting the chipmaker’s struggle to adapt in a world swiftly embracing mobile devices and leaving behind the personal-computer industry it dominates.
Advanced Micro Devices Inc. , the second-largest maker of processors for personal computers, rose in New York trading on speculation that the departure of top executives has made it an acquisition target.
Intel Corp., the world’s largest chipmaker, named Chief Operating Officer Brian Krzanich as chief executive officer, leaning on an insider to accelerate a shift toward mobile devices as the personal-computer age wanes.
Nvidia Corp. shares rose on the Nasdaq Stock Market after the maker of graphics processors reported third-quarter sales and profit that topped analysts’ estimates, lifted by demand for chips used by computer gamers and designers.