Intel

Telecompaper notes that Craig Barrett intends to retire from active management in his role as chairman of Intel at the company's shareholder meeting in May.

Reuters reports that Intel plans to invest US$7 billion over two years to build next-generation US chip manufacturing plants, unveiling its biggest spending plan for new technology amid a deepening economic recession and huge internal job cuts.

Nokia has dismissed the prospects of WiMAX becoming a serious player in the next-generation mobile technology era.

US service provider Clearwire will this summer launch a WiMAX network covering more than 20 square miles in Silicon Valley in an effort to encourage software developers in the region to create new applications for the technology.

CNET News reports that Intel's first-quarter profit fell about 56 percent from a year earlier, but chief executive Paul Otellini said PC sales were bottoming out.

Computer chipmaker Intel has been fined a record EUR1.06 billion by the European Commission for anti-competitive practices, notes the BBC

Chip maker Intel plans to buy testing and development software maker Wind River Systems for US$884 million.