Intel Corporation (NASDAQ:INTC) is trying to come back after tablet and Mobile tech hurt its PC sales. Therefore, it is expected in Mobile World Congress event at Barcelona in February that Intel release a novel smartphone platform powered with new Atom processors based on 22nm and 14nm processes to feature lower power consumption, according to Digitimes report.
The report declared that mobile and computer component makers have notified them that these releases will be vital for Intel in its competition with ARM Holdings plc (ADR) (NASDAQ:ARMH) in the global smartphone market.
The Digitimes reported, quoting the sources, that Orange and smartphone vendors including Lenovo and ZTE, India-based Lava International and Motorola Mobility have adopted Intel’s new Medfield platform. Although shipments of Medfield smartphone have thus far been in low volumes, and the RAZR I, a 4.3-inch smartphone mutually released by Motorola Mobility and Intel in October 2012, has not yet sold well.
Intel (NASDAQ:INTC) is improbable to release its own brand of smartphones because it does not have close up attachments with telecom carriers around the world, sources said. As well, report asserts that Intel could assist with mobile telecom carriers in developing markets like India and China to release entry-level smartphones. In this process, Intel might be face strong contest from MediaTek and many China-based chip design houses, the report states.
Last Session Performance: The semiconductor industry element Intel Corporation (NASDAQ:INTC) traded at $20.65 by slightly up 0.05% with traded volume of 29.49 million below the average volume of 49.92 million.
Stocks Volatility: The stock price saw week’s volatility was 1.63% and month’s volatility remained 1.89%. While the stock price of INTC is moving up from its 20 days moving average with 1.65% and isolated negatively from 50 days moving average with -0.25%.