intel

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Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp, according to three people familiar with the matter. The review highlights Chief Executive Lisa Su's determination to consider every possible option to turn the company around. Su, however, who took over as CEO last October, judged that there is merit for the company to at least consider such a possibility again, the people added.

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Fewer companies than Intel had expected replaced desktop PCs running on outdated Microsoft operating systems, leading to weak demand for its chips. Intel also cited “challenging” macroeconomic and currency conditions, particularly in Europe. Intel said on Thursday that it expected first-quarter revenue of $12.8 billion, plus or minus $300 million – about 7 percent lower than its earlier forecast of $13.7 billion, plus or minus $500 million. Though dominant in the market for chips used in PCs, Intel has been slower than rivals such as Qualcomm Inc to adjust in recent years to the growing popularity of laptops and tablets.

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By Noel Randewich SAN FRANCISCO (Reuters) – Intel Corp Chief Executive Brian Krzanich showed off a computer built into a jacket button and a wristband that transforms into a selfie-snapping flying camera, as the chipmaker extends its push into smart wearable gadgets. Speaking at the Consumer Electronics Show in Las Vegas on Tuesday, Krzanich also announced a five-year, $300 million investment in math-related education and other programs to help employ more women and minorities in the technology and the video game industries. …