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Intel CFO Says Company Aims to be Major Player in Smartphone Market Within Five Years

Intel CFO Says Company Aims to be Major Player in Smartphone Market Within Fiv

Intel Corporation, which has been a dominant force in the PC market with more than 80 percent of the share, will soon make its debut in the smartphone market, where it plans to become a "big player," says CFO

Intel Corporation, which has been a dominant force in the PC market with more than 80 percent of the share, will soon make its debut in the smartphone market, where it plans to become a "big player," says CFO Stacy Smith.

According to Bloomberg, Intel recently announced it has attracted five customers to use its smart grid chip designs, with the first product set to go on sale in India in the coming days. From there, the company hopes to expand further into the market.

"Intel doesn’t go into markets to be a small player," Smith told Bloomberg "It’s a billion-unit market, so there’s huge opportunity for us."

Intel is hoping to corner the market as tablets and smartphones increasingly adopt the roles of desktop computers. The shift is seeing users flock to mobile devices in droves - a trend the company expects to pick up even more in the near future.

According to Ars Technica, Intel has been debating entering the smartphone market since 2005, but found the exact product it was looking for in Medfield, the low power Atom Z2460 processor that is featured in India's Lava XOLO X900 smartphone. 

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