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Intel $4.21 Billion Mobile Loss Would Have Sunk Most Rivals

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Intel Corp.’s mobile division reported an operating loss of $4.21 billion for 2014, an amount that would erase profits at all but two of the 30 companies on the Philadelphia Stock Exchange Semiconductor Index.

The world’s largest chipmaker racked up those losses in a business that reported negative sales in the fourth quarter of 2014. Rather than generate revenue, Intel has been paying customers to use its chips in tablets, trying to build a market presence while it brings out new models that they’ll want to buy. In 2014 it got processors into 46 million handhelds.