Intel Says Mobile Investment Needed to Ensure Future
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Intel Corp. said it needs to keep investing in its money-losing mobile-chip business to ensure its future in an electronics industry where everything will be connected to the Internet.
The world’s largest computer-chip maker disclosed in April that losses exceeded revenue in its mobile division. After a slow start, Intel’s mobile-chip capabilities this year are reaching the point where they will win over new customers, Chief Financial Officer Stacy Smith said.