Intel Corporation (NASDAQ:INTC) is desperately trying to get success in mobile and tablet business after getting milestones in the PC business. The chipmaker is working on a new technology which will be used in the new chip called “Sofia”. This chip would deplete the added costs which are becoming a burden for Intel. Sofia chip will be made in Intel Corporation (NASDAQ:INTC)’s own chip making factories. It would be cost effective, compatible with the growing and emerging needs of microprocessor world. ARM processor partnership is costing Intel Corporation (NASDAQ:INTC) a lot of money. Sofia chip will use Intel Corporation (NASDAQ:INTC)’s processor and transistor technology.
PC business of Intel Corporation (NASDAQ:INTC) has been successful so far. The company counts around $9.1 billion in revenue from it out of which, $4.1 billion is the operating income. Mobile business is a huge money loser. One billion loss on one billion profits is making Intel’s CEO Brian Krzanich desperate. He has plans to power 70 million tablets by the coming year. Apart from Sofia, there are some other options on the table for Intel Corporation (NASDAQ:INTC). The company has got some good news from Finland, where Nokia has announced that it is going to make a new tablet which will be powered by Intel Corporation (NASDAQ:INTC) chip.
Jolla, a startup launched by former Nokia employees has also put Intel Corporation (NASDAQ:INTC) in chip making saddle. Intel has 300 chip designs to roll out in the coming months. It has announced a merger of mobile, tablet and PC business to streamline its force. Intel has been a complete nonentity in phones business. There is hardly any known device which is powered in Intel Corporation (NASDAQ:INTC). Sofia chip and diversification can make Intel Corporation (NASDAQ:INTC) achieve its 70 million tablets goal.
As of 30 June 2014, Ken Fisher’s Fisher Asset Management hold around 18.9 million Intel Corporation (NASDAQ:INTC) shares.
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