ADVFN - Advanced Financial Network.
HOME» NASDAQ » I » INTC Stock Price » INTC Stock News

Intel Share News

 Intel (mm) Stock Price
INTC Stock Price
 Intel (mm) Stock Chart
INTC Stock Chart
 Intel (mm) Stock News
INTC Stock News
 Intel (mm) Company Information
INTC Company Information
 Intel (mm) Stock Trades
INTC Stock Trades

Intel Executive: To Help Touch Screen Makers Cover Investment In New Capacity

By Lorraine Luk TAIPEI--Intel Corp. (INTC) has agreed to help fund several touch-screen makers' investment on additional production capacity, as the U.S. computer processor giant tries to create a new market for touch-enabled laptops powered by its chips. Intel said it has reached financial agreements with four Taiwanese touch-screen makers--Wintek Corp. (2384.TW), TPK Holding Co. (3673.TW), HannsTouch Solution Inc. and Cando Corp. (8056.OT). Intel declined to give details on how much money it will provide or the specific costs it will help shoulder. Intel's support for the touch-screen makers is part of its efforts to promote Ultrabooks, Intel's name for a new breed of thin, lightweight laptops. Intel makes the key processors that power Ultrabooks, a category it invented last year. Despite Intel's commitment, Ultrabook sales have so far underperformed the PC maker's expectations. Intel expects the still-nascent Ultrabook segment to find a broader audience when PC makers later this year release touch-enabled models running on Windows 8, Microsoft Corp.'s (MSFT) next-generation operating system with an interface optimized for touch-screen use. "Intel believes that touch capability is a key component to the Ultrabook experience," said senior vice president Tom Kilroy in an interview this week. At the annual Computex computer industry trade show that opened Tuesday, Taiwanese PC makers Acer Inc. (2353.TW) and Asustek Computer Inc. (2357.TW) are showing Ultrabooks with touch-capable screens that run on a preview version of Windows 8. Both Acer and Asustek said they expect to release Windows 8-based PCs and tablets in October. Intel's strong push for Ultrabooks comes as the traditional PC industry has seen only modest growth in recent years, with consumer demand for gadgets shifting more to tablets and smartphones. Although Intel continues to dominate the PC market, in the fast-growing market for smartphones and tablets, U.K.-based ARM Holdings PLC (ARMH) designs most processors. Despite the sluggish Ultrabook sales so far this year, Mr. Kilroy said Intel still maintains its "aggressive target" for Ultrabooks, counting on Windows 8 to help stimulate demand in the second half. He said Intel expects Ultrabooks to account for 40% of consumer notebook PCs by the end of the year, compared with a "very small penetration rate" now. He added that the prices of some Ultrabooks without touch-enabled screens will likely drop to as low as US$699, making them more appealing to some consumers. "The Ultrabook is a multi-year initiative," Mr. Kilroy said. He said that the new generation of Intel's Core processors, enhanced PC security features, and new touch-enabled models, will together help fuel demand for Ultrabooks. New Ultrabooks that run on Windows 8 are expected to use a new version of Intel's Core chip family, code-named Ivy Bridge. Mr. Kilroy said Intel so far has not been interested in the tablet market but the launch of Windows 8 will provide a "great opportunity" for Intel in tablets as well as Ultrabooks. -Write to Lorraine Luk at lorraine.luk@dowjones.com

Stock News for Intel (INTC)
DateTimeHeadline
07/27/201618:59:38Statement of Changes in Beneficial Ownership (4)
07/27/201618:57:35Statement of Changes in Beneficial Ownership (4)
07/27/201618:55:30Statement of Changes in Beneficial Ownership (4)
07/27/201618:51:19Statement of Changes in Beneficial Ownership (4)
07/27/201618:47:59Statement of Changes in Beneficial Ownership (4)
07/27/201618:43:31Statement of Changes in Beneficial Ownership (4)
07/27/201618:39:36Statement of Changes in Beneficial Ownership (4)
07/27/201618:31:54Statement of Changes in Beneficial Ownership (4)
07/27/201618:28:41Statement of Changes in Beneficial Ownership (4)
07/27/201618:25:22Statement of Changes in Beneficial Ownership (4)
07/27/201618:21:01Statement of Changes in Beneficial Ownership (4)
07/27/201618:15:18Statement of Changes in Beneficial Ownership (4)
07/27/201604:20:00ARM Profit Up but Misses Forecasts
07/26/201615:20:00Mobileye Ends Partnership With Tesla
07/25/201608:00:00Les étudiants du niveau postsecondaire et les nouveaux diplômés du...
07/25/201608:00:00Canadian Post-Secondary Students and Recent Grads Kick Start...
07/22/201603:03:00AMD Posts First Jump In Sales in Two Years -- WSJ
07/21/201620:31:00Advanced Micro Devices Swings to a Profit
07/21/201620:30:00Correction to AMD earnings article
07/21/201618:00:00Advanced Micro Devices Swings to a Profit

Intel and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad