Sunday November 22, 2015

Intel Does Not Need PCs For Growth

The PC market may be shrinking, but Intel isn’t sweating.

Chief Executive Officer Brian Krzanich told analysts that Intel’s growth was not dependent on its PC business. Intel is facing a weaker PC market and said that its revenue has been bolstered by demand for high-powered processors that run servers, the building blocks of cloud-computing centers. Additionally, orders for memory chips and processors used in new markets for Intel -- such as automotive and factory automation -- are helping to boost sales, the CEO said.