Intel Corporation (NASDAQ:INTC) is planning to go all wireless next year after announcing the plans 12 years ago. Attention will first be paid on charging cords and display wires that the company wants to do away with. The key to going wireless full blast has to do with a chip architecture named Skylake that Intel plans on its wireless endeavors.
Forbes reports that Skylake uses a 14-nanometer manufacturing process with the promise it can enhance performance capabilities, enable wireless charging and allow automatic interconnection of PC’s with displays. Intel reports that Skylake reference design will be made available starting the first quarter of next year with volume production to be rolled out six months later.
Intel Corporation (NASDAQ:INTC) has been struggling with a decline in PC sales in the recent past; hoping that the utilization of the new platform will spur a new cycle of PC purchases. With the use of Skylake architecture, PC refresh cycle is poised to be resurrected, an effect that could allow Intel to gain a great deal the way it did with Centrino a decade ago.
Two years into the release of Centrino, Intel Corporation (NASDAQ:INTC) registered a 161% increase in its revenue gains it would love to replicate with Skylake. Centrino was at the time able to sustain impressive margins despite other chips registering declines. Intel hopes history does repeat itself as with the release of Centrino its stock surged from $16.44 as of January 3, 2003 to a high of $24.96 on December 30, 2005.
The release of Skylake comes on the heels of Morgan Stanley (NYSE:MS) downgrading Intel’s stock alleging concerns of a buildup in inventory levels. There is no doubt that Intel Corporation (NASDAQ:INTC) is holding its fingers crossed hoping that the ‘No Wires’ campaign will gain momentum in the PC space consequently give its stock an uplift in the market. Wireless charging has already shown that a wireless ecosystem can be created and be of value to companies spearheading developments in the space.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW