How Intel Plans to Move On From PCs

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By Trey Thoelcke Published
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Intel Corp. (NASDAQ: INTC) may still be the world’s largest chipmaker, but in many ways it is still playing catch-up with consumers’ shift away from PCs to mobile devices. To that end, it now has announced that its venture capital arm will establish a $100 million fund aimed at accelerating the creation of new devices that use Intel chips.

Intel Capital’s new China Smart Device Innovation Fund follows in the footsteps to two previous funds that the company says funneled more than $670 million into 110 companies in China since 1998. The plans also call for the establishment of an innovation center in Shenzhen in southern China, which is home to factories that produce many of the world’s mobile devices and computers.

The objective of the fund, and new products coming out of Intel, is that the Santa Clara-based company will become a major technology supplier for wearable devices and for the so-called Internet of Things. This is in addition to its increasing focus on smartphones and tablets, where rival Qualcomm Inc. (NASDAQ: QCOM) has made great strides.

Intel has had to shift as well, to smaller, less-expensive chips than it historically has produced. The company introduced its ultra-small Quark processor line last fall, and it said that it hopes to have a new wireless chip certified in China for TD-LTE in the second half of 2014.

Intel shares were inactive in premarket trading Wednesday. They closed at $25.99 Tuesday, in a 52-week range of $20.75 to $27.12.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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