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Intel to focus more on mobile investment

Intel Corp has said it needs to continue investing in its money-losing mobile-chip business to ensure its future in an electronics industry where everything will be connected to the internet, Bloomberg has reported. “In five years, every device will need to connect,” said Intel’s chief financial officer, Stacy Smith. “We have to make these investments to participate in these huge opportunities.” The company was slow to introduce chips that were power-efficient enough to run tablet computers, he said. That’s changing now, and Intel is aiming to have 15% to 20% of the tablet market by units shipped this year, Smith said.