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Intel has developed low-cost silicon technology for optical communications.
Board of directors unanimously selects a Brit as the company's new CEO and chairman amid a management shake-up.
Slumping handset sales, semiconductor weakness and a double shot of warnings give analysts little to cheer about ahead of the company's fourth-quarter earnings.
A trade organization says there is growing optimism in the chip production equipment sector, usually an indication of positive trends for chipmakers.