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Intel casts eye on consumer electronics
By Julie MacIntosh and Paul Taylor in New York
Sunday May 4 2008 20:40
Intel (NASDAQ:INTC) , the world's largest maker of semiconductors, will become more acquisitive and expand into areas such as consumer electronics, according to Pat Gelsinger, head of the chipmaker's Digital Enterprise group.
Mr Gelsinger, speaking during a visit to New York, noted the group was emerging from a significant restructuring over the past two years, during which it divested assets and cut its workforce by more than 10 per cent.
"I think you will see Intel being more acquisitive," he said, in an interview with the Financial Times, while acknowledging that Intel's purchases in the past had not always been successful.
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