Intel Corporation (INTC) News: Inroads In Mobile, Micron Technology, Inc. (MU) & More

Editor’s Note: Related tickers: Intel Corporation (NASDAQ:INTC),, Inc. (NASDAQ:BIDU), Micron Technology, Inc. (NASDAQ:MU)

Intel makes inroads into mobile (BlouinNews)
Intel Corporation (NASDAQ:INTC) has been actively seeking a foothold in the mobile market, but as a chipmaker, it has faced stiff competition. The semiconductor manufacturer had led the world in chip sales for personal computers, but with the slide of the PC market comes new challenges for the company. Rivals like Qualcomm – dominating mobile chip tech sales thus far, and the developments of other processor makers including Advanced Micro Devices, which is developing microprocessing units for the “smart device” industry — present obstacles to Intel Corporation (NASDAQ:INTC)’s mobile success. (The company has gone so far to acknowledge that it will not supply LTE-capable processors until 2014.) Making moves in recent months to appeal to mobile players – partnering with China’s, Inc. (NASDAQ:BIDU), for example, to work with Chinese software makers – has set Intel on a definitive but tenuous path towards the mobile market. But, finally, it appears as though a breakthrough arrives for the chipmaker, and it’s coming from Samsung.

Intel Corporation (NASDAQ:INTC)

FBR Capital Markets Upgrades Intel to “Outperform” (INTC) (Dividend)
FBR Capital Markets reported on Monday that it has upgraded digital technology platform maker, Intel Corporation (NASDAQ:INTC). The firm has raised its rating on Intel Corporation (NASDAQ:INTC) from “Market Perform” to “Outperform,” and has given the company a $28 price target. This price target suggests a 13% increase from the stock’s current price of $24.28. Analysts from the firm have upgraded Intel Corporation (NASDAQ:INTC) due to its ability to grow in other areas to offset the PC decline. Intel Corporation (NASDAQ:INTC) shares were up 42 cents, or 1.73% during premarket trading Friday. The stock is up 18% YTD.

Intel joins bidding for Micron microchip plant (Haaretz)
Intel Corporation (NASDAQ:INTC) has joined TowerJazz Semiconductor in bidding to purchase the Micron Technology, Inc. (NASDAQ:MU) microchip plant in Kiryat Gat. A third option for Micron Technology, Inc. (NASDAQ:MU) is shuttering the facility. A few days ago, Intel’s management informed Micron Technology, Inc. (NASDAQ:MU) that it is interested in using the facility, according to sources privy to the negotiations on the plant’s purchase. Intel Corporation (NASDAQ:INTC) apparently wants to upgrade the plant and use it to produce 10-nanometer chips, its next generation of chips. Upgrading the existing plant would likely involve an investment amounting to billions of dollars.

Intel Corporation (NASDAQ:INTC)’s Extreme Ultraviolet Plan Not Yet In Sight (USMarketBuzz)
Intel Corporation (NASDAQ:INTC)’s Chief Technology Officer, Justin Rattner spoke The Register a week back and admitted that Intel Corporation (NASDAQ:INTC)’s dream to break the 10nm chip geometry barrier is now far away. The breakthrough is associated with the distance between circuit lines that the chip manufacturers will be engraving onto the surface of a computer processor. With the inception of extreme ultraviolet lithography, the processor industry has mentioned that it would be capable of engraving lines on silicon much closer than before. However, this was the situation a decade back.

Intel’s new Haswell chips mean big bargains on older laptops (Examiner)
A busy week in tech kicks off Monday when Intel Corporation (NASDAQ:INTC) will debut its fourth generation Core processors- code name Haswell. Tech enthusiasts are excited, and will be ordering their new laptops. For the average user and bargain hunter, this is also good news says Dealnews states in this piece that the last generation of chips, the Ivy Bridge chips will hit all-time lows and deals should start popping up immediately. Ivy Bridge laptops have only been around a year, but they’ve already been discounted and more discounts are to come.