Boston, MA 01/09/2013 (wallstreetpr) – Intel Corporation (NASDAQ:INTC) is still fumbling in the Smartphone and tablet chip market. The company’s late entry into the business is the root cause of its troubles, but this situation is soon improving. Intel needs no introduction. It is the leading developer and manufacturer of cutting-edge technology in the processors and semiconductor industry. The company is now using this position to team up with strategic partners to advance its interests in the Smartphone and tablets market.
But does Intel Corporation (NASDAQ:INTC) stand any chance of success in this approach? The company’s mediocre growth and depressed stock price are reasons that may lead to anxiety among some of the investors. However, Intel Corporation (NASDAQ:INTC) has stopped worrying over its weak position in Smartphone and tablet or over the declining PC market, and it is now moving things in right direction
The company is teaming up with devices manufacturers such as Samsung Electronics, LG, Fujitsu, NEC, HTC Corp, among others for the development of Smartphones based on Intel processors and running on operating system other than Android. This association is crafted in such manner, that it excludes Intel Corporation (NASDAQ:INTC)’s competitors such as Qualcomm (QCOM), ARM Holdings (ARMH) and Advanced Micro Devices (AMD). It thus goes that, if this association succeeds with its push for development of non-Android but Intel based phones, it will offer Intel Corporation (NASDAQ:INTC) a head-start in the Smartphone market.
Note that similar association already exists between AMD and game console makers Microsoft Corporation (NASDAQ:MSFT) and Sony. The three companies entered into an agreement, where AMD supplies semi-custom processors used in Microsoft’s’ Xbox One and Sony’s PlayStation 4. This is therefore a long-term revenue boost for AMD that is also struggling to stay afloat in the semiconductor industry.
Mobile and tablets
Intel Corporation (NASDAQ:INTC) needs to make strong in-roads into mobile and tablet market. This market presents a lot of growth opportunities which the company needs. A good presence in this market will boots its revenue and profits, thus leading to benefits for the investors in the form of higher dividends and growth in stock price.
