Cloud opportunity proves boon for Intel

Intel is faring better outside than inside. The division that powers remote servers known as the cloud helped boost the chipmaker’s fourth-quarter bottom line by 39%, to $3.7bn (€3.2bn). 

The company’s smartphones and tablets business, however, generated negative revenue because of incentives given to customers.

It may be time to hang up on the effort. The attempt to unseat rival ARM is becoming increasingly costly and quixotic. Intel’s latest move was to introduce new chips for LTE, the dominant standard in wireless.