Intel spending big in nation to catch up
By Bloomberg | China Daily | Updated: 2015-02-28 08:06
Although Intel Corp is the world's leading maker of chips for PCs and servers, the company has long struggled to land a significant piece of the mobile market, where Qualcomm Inc dominates.
Last year, Intel took in 55.9 billion in revenue, up 6 percent from the previous year; its mobile division accounted for 202 million.
It may well be too late for Intel to catch up in the United States or Europe, where just about everyone who is going to buy a smartphone or tablet already has one with a rival chip inside. So instead of battling for the next iPhone contract, the company is pouring billions of dollars into expanding its influence in China, where fewer than half the country's roughly 500 million mobile phone users have smartphones.
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