Intel Corporation (NASDAQ:INTC) has recently been focusing a lot of its attention towards miniature technology. The company has often discussed how large desktop towers are being replaced by all in one PC’s, like iMac. Intel had previously been operating a new devices segment, which catered to the needs for smaller yet efficient pieces of technology. Now it plans to make it more efficient and synchronized, by having a shuffle in management.
It has been revealed that Intel is planning to replace the segment, with a whole new technology group. The group would be aimed at combining its various products and research towards miniature technology into one firm. It is planned that Mr. Mike Bell would be assigned the post of VP for this group. He brings with him the experience of leading project developments at Apple and Palm Inc. However, the final products from both companies had made use of processing power made by Intel, but the company now wants some devices of its own.
The current CEO of Intel, Brian Krzanich, since his appointment in 2013, has been focusing the company resources towards integration of Intel chips in wearable tech. Under the previous leadership, Intel had let this huge industry slip out of its hands, but now the company wants to tap the large market. The company itself believes that the market for mini-PCs would grow 20% annually, until 2018.
However, Intel still has an advantage in the mini-PC market. It basically sells microchips to almost every mini-PC vendor out there, so it is bound to get at least some part of the 20%. However, the company has also indicated that it wants to improve the processing power of such PCs, which is difficult with its current Atom technologies. Now the company is focusing on making different variants of its core technology, which would consume less power, but deliver the same processing speeds.
Intel Corporation (NASDAQ:INTC) closed at $32.88, after losing 0.41% on April 29. The company has 4.75 billion shares being traded in the market, with a 52-week range of $25.74-$37.90.
