Intel could be on the verge of exiting the market for smartphones and standalone tablets, wasting billions of dollars it spent trying to expand in those markets.
The company is immediately canceling Atom chips, code-named Sofia and Broxton, for mobile devices, an Intel spokeswoman confirmed.
These are the first products on the chopping block as part of Intel’s plan to reshape operations after announcing plans this month to cut 12,000 jobs.
The news of the chip cuts was first reported by analyst Patrick Moorhead in an article on Forbes’ website.
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Source: COMPUTER WORLD