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The world's largest chipmaker, looking ahead to changes in computing, makes its biggest acquisition ever.
Yet another multibillion-dollar deal in the chips world could be coming as soon as next week, according to a report.
Intel will fabricate processors based on its chief competitor ARM's designs as part of a new deal with chip designer Altera and other companies.
The story was updated with the correct spelling of Blake Jorgensen's name.
Morse will replace the outgoing Blake Jorgensen at the end of the month, becoming CEO Carol Bartz's most high-profile hire to date in her six months at the helm.
Rodney Smith, the chipmaker's former chairman, dies at age 67 after a bicycle accident.
The specialty chipmaker has signed royalty-free cross-licensing agreements with Lattice Semiconductor and Xilinx, dismissing all patent litigation.
A profit warning from the company has analysts worrying that its main rival will issue lower earnings and revenue targets next week.