Intel Corp. (NASDAQ: INTC) finally has gotten a foothold in the industry in which it most needs a success. The provider of chips to 80% of the world’s personal computers (PCs) has been locked out of the growing sector of tablets and smartphones, which have gained ground as PC sales have fallen. Intel’s chips have not been seen as attractive as those made by firms that include industry giant ARM Holdings PLC (NASDAQ: ARMH).

Reuters reports on Samsung’s selection of Intel:

Samsung Electronics has chosen an Intel processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market. Samsung has chosen Intel’s Clover Trail mobile chip for at least one version of its Galaxy Tab 3 10.1, which competes with Apple’s iPad, a source familiar with the matter told Reuters on Thursday, speaking on condition of anonymity because the specifications have not been announced.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.