MarketWatch writes article about Intel selects Qualcomm executive for new senior job:
By Don Clark
Published: Nov 20, 2015 4:32 p.m. ET
Chip maker targets Internet of Things
By
DonClark
Intel Corp. turned to the ranks of a major competitor, Qualcomm Inc.,
to recruit an executive for what amounts to the No. 2 job at the big
chip maker.
The Santa Clara, Calif., company said Venkata ‘Murthy’ Renduchintala
will become president of a new group that includes selling chips for
personal computers, Intel’s biggest business. His responsibilities will
also include software and services, platform engineering and a business
associated with the trend called the Internet of Things.
Renduchintala, 50 years old, had been a Qualcomm QCOM, +2.54%
executive vice president and co-president in charge of the company’s
chip business. Qualcomm on Thursday named Cristiano Amon as sole head
of that unit, stating that Renduchintala would be leaving the company.
Intel INTC, +1.05% whose chips serve as calculating engines in
computers, has tried for years with limited success to crack the
mobile-chip market. Qualcomm is the biggest supplier of such products,
MarketWatch Article Source Here.