Intel chooses veteran insider as next CEO

Intel has chosen veteran insider Brian Krzanich as CEO, disappointing some investors who hoped an outsider would push for changes to help the world’s largest chipmaker catch up in the mobile revolution.

Intel also announced that software honcho Renée James, has been elevated to the post of president.

Her appointment signalled to some that Intel, while likely intending to stick with its formula of intense investment to keep it ahead in the microchip technology game, is willing to explore new growth areas.