Intel dominates with its processors, the PC market, but manages in years to break into the booming business of smartphones and tablets foot.
Otellini's 45-year history, only the fifth CEO in general. Usually referred to the "Wall Street Journal", his predecessor had remained until retirement age of 65. Otellini is 62 years old. He goes at his own request, said Intel.
"It's time to move on, and leave the helm at Intel to a new generation of leaders," said Otellini. He was almost four decades in the business, of which he was almost eight years at the head of the chip company. Under his aegis, Intel grew strongly, but was last hit by the slump in the PC market. Sales and profits fell in the last quarter.
Now the search begins for a successor. He or she must establish stronger Intel in the mobile business. Conceivable are both internal and external candidates. To candidates from within the company include software division chief Renee James, who for daily business and the responsible manufacturing Brian Krzanich and Chief Financial Officer Stacy Smith. They all were promoted on Monday to Executive Vice President.
Board chief Andy Bryant praised yet-incumbent Otellini as "strong leader." He led the company through difficult times. This should Bryant particularly allude to the economic crisis of 2008 and 2009, Intel had survived almost unscathed - unlike the much smaller rival AMD.
While Otellinis tenure, the annual turnover of 39 billion rose to 54 billion dollars. The shareholders were happy about $ 23.5 billion in dividends. Intel processors - the computational heart of a computer - now stuck in four out of five personal computers. With a market capitalization of more than $ 100 billion (78 billion euros), the company from Santa Clara, California the most expensive companies in the world.
However, the price has fallen by 17 percent since the start. Reason is the significant decline in PC sales. For one thing, companies honored, given the uncertain economic situation back with new acquisitions. Secondly, many consumers are now more likely to be a tablet computer such as Apple's iPad - or their smartphone them enough for the occasional use of the Internet.
In smartphones and tablet computers, particularly efficient chips are required. The technology of the British chip developer ARM is a leader. Intel processors that are more powerful, but it also put power hungry, so far only a few smartphone models.
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