Jan. 3 (Bloomberg) -- Intel Corp., the world's largest chipmaker, dropped its support for the One Laptop per Child foundation because it didn't want the group's XO personal computer to be the only device endorsed by the organization.

Intel, which joined the foundation's board in July, reached a ``philosophical impasse'' after founder Nicholas Negroponte asked the company to exclusively support the XO as an inexpensive machine for the developing world, Intel spokesman Chuck Mulloy said today in an interview.

``We have long believed there is no single solution to the needs of children in emerging and underdeveloped markets,'' Mulloy said.

One Laptop per Child offers a device called the XO that it eventually plans to sell for $100. Negroponte accused Intel last year of trying to put his program out of business by introducing a rival laptop called the Classmate PC.

Intel fell 68 cents to $24.67 at 4 p.m. New York time in Nasdaq Stock Market trading. The shares have risen 21 percent in the past year.

Last Updated: January 3, 2008 19:46 EST