Intel is still earning money, which was reflected by its last quarterly reprort, but not as much as it is used to, at the same time as the competition, such as AMD, has been moving forward at a rapid pace. Intel doesn’t have the same strong position anymore and the manufacturer’s answer to this is to reorganize the company to try and improve the efficiency and what it can do to keep the company growing and simply make more money. It’s Intel’s VP Paul Otellini that has announced that the company will take a look those sections which wasn’t been doing well to see what can be done to improve the situation. Intel’s NOR flash unit is one of them as it reported in a loss at $108 million during the first quarter of 2006.
“The move follows ongoing problems at the microprocessor giant. Recently, for example, Intel posted first-quarter net income of $1.3 billion on revenue of $8.9 billion, down significantly on both a sequential and year-to-year basis, with the troubled semiconductor supplier citing slumping PC sales and inventory woes as the culprits.”
Source: EETimes
