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

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

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!