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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.
The story was updated with the correct spelling of Blake Jorgensen's name.
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.
Rodney Smith, the chipmaker's former chairman, dies at age 67 after a bicycle accident.
Even as its x86 arm competes fiercely with ARM, Intel is taking on work to build ARM-equipped chips for its own customers. One of those chips will pack a whopping 4 billion transistors
Intel will make quad-core chips for a customer that uses technology from rival chip designer ARM.
Marvell is cited as a likely chip customer for Intel. If the analysis pans out, it would be Intel's third ARM customer.
Intel and Cisco have reportedly signed a chipmaking deal, according to a report quoting an Intel official in Korea.
Intel making processors for Apple's iPhone and iPad makes for good headlines, but it's not going to happen anytime soon, say analysts.
Low utilization rates at Intel factories are a sign of bad times for the PC industry.