Is QUALCOMM Inc. (QCOM) Executive Going to Help Intel Corporation (INTC)?

Intel Corporation (NASDAQ:INTC) struggles with declining PC sales and slow progress in mobile. In order to change the game it hired Mr. Amir Faintuch, Senior Executive at QUALCOMM Inc. (NASDAQ:QCOM), states an article on Yahoo! Finance.
Intel Microprocessors
Rumors predict Intel Corporation (NASDAQ:INTC) is going to strengthen its position in the mobile and internet-connected gadgets’ markets, although this move is particularly peculiar because the computer chipmaker company is known for its insular culture. Mr. Faintuch will have the position of senior vice president and co-general manager of the Platform Engineering Group opposed to president of Qualcomm Atheros.

“We want to accelerate our success rate with SoCs and get the designs aligned and the roadmaps aligned to do that, […] We’ve made good progress but there’s more to be done. Amir has extensive management experience and a strong resume,” Chuck Mulloy, an Intel spokesman, was quoted as saying.

Mr. Amir is also supposed to bring Intel Corporation (NASDAQ:INTC) experience designing “system on chips” (SoCs), which are extensively used in smartphones and tablets. These systems, that combine modems, Wi-Fi and memory, are an expertise of QUALCOMM Inc. (NASDAQ:QCOM) to be attained by the Santa Clara, California-based rival.

Another strategic move was partnering up with the Chinese SoC specialist, Rockchip, to make chips that will run on inexpensive tablets with Google Inc. (NASDAQ:GOOG)’s Android platform. Whether these factors will help boost Intel Corporation (NASDAQ:INTC) sales and popularity by enough to overcome QUALCOMM Inc. (NASDAQ:QCOM), which is currently the leader in producing chips for smartphones, is a matter of debate. Besides, acquiring one head of the staff is not the same as grabbing the whole team’s proficiency. Mr. Amir might require time to fit in perfectly into the new environment.

Hopefully, this will evolve into good news for the CPU chipmaker, despite the fact that engineers see its smartphone chip manufacturer as a better place to work. Probably QUALCOMM Inc. (NASDAQ:QCOM) will give some kind of response soon, although their spokesman had no other comment than confirming their executive’s departure.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!