Technology, Chip Maker | featured news

Chipmaker Intel just announced that CEO Paul Otellini, who has been on the job for eight years, will be retiring in May. People are going to wonder if Intel’s board is forcing Otellini out. They’ll point to Intel’s mandatory retirement age of 65. Otellini is only 62, and his predecessor Craig Barrett retired from the CEO job at 65 or 66. But apparently there’s no hard-and-fast rule at Intel. The legendary Andy Grove, the company’s third employee, served as its CEO from 1987 until 1997, retiring closer to age 61.

Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.

The world's leading chip gear maker ASML is buying U.S. group Cymer for 1.95 billion euros ($2.5 billion) to get control of a light-based technology crucial to making the smaller, smarter chips of the future.

By purchasing the company, Microsoft will have access to chips that, when combined with a digital camera, allow things like cars, toys and computers to perceive the world in three dimensions.

Intel Corp. is making the biggest acquisition in its history with the $7.68 billion takeover of computer-security software maker McAfee Inc., an expensive example of Intel's commitment to serve an increasing array of Internet-connected devices.

Apple has purchased chip start-up Intrinsity whose technology analysts say was behind the chip used in the new iPad.

AMD’s new Thuban hexa-core CPUs come out swinging with prices that belie their size

Shares of Intel Corp rose 2.6 percent to $23.35 in extended trading on Tuesday after the company reported its first-quarter results.

Texas Instruments fourth-quarter profit soared on stronger sales and sharply higher margins, and the chip maker said its first quarter could surpass its fourth quarter, rather than the typical seasonal slowdown.

US chip maker Intel reports healthy figures, in a positive sign for the US technology market.