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The chipmaking giant also appoints the head of its software business, Renee James, as president.
CEO Brian Krzanich reveals origin of the charging bowl for smartphones and electronics but is mum on an expected price.
The chipmaker, which first announced plans for the bracelet in January, is expected to unveil the wearable in the coming weeks, a person familiar with the matter told CNET.
A fake press release says the chipmaker is pulling out of its $6 billion investment because of the "destruction and loss of life resulting from Israel's recent assault on Gaza."
The company is trying to bring the cost of smartphones down to as little as $50.
The chipmaker boosts its stock buyback plan by $20 billion, as it seeks to trim its cash balance and return more money to shareholders.
Brian Krzanich has yet to determine what he wants to achieve in the smartphone business, but he sees opportunities outside the Western world.
Are our brains wired for data overload? Is it overload? Intel, Microsoft, and Hewlett-Packard CEOs have some thoughts.
The chief executives of key tech companies discuss their visions of the explosion of data and the future Internet of Things.
Intel will be busy at Computex. Expect a raft of announcements centered on its small-device strategy, which the chip giant is trying to get into high gear.