Intel ditches smart TV division
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Chip giant Intel is to drop out of the smart TV market due to a lack of demand for internet-enabled flatscreens.
The company will fold its TV-based Digital Home Group, and move the engineers onto tablet, smartphone and Ultrabook development.
Intel's Atom CE4100 chip currently powers D-Link's Boxee Box and Logitech's Revue digital media players, as well as Sony's Google-powered televisions. But it's set to be the last chip of its kind, with competitor ARM likely to fill the void Intel leaves.
"This is a business decision where we're taking those resources and applying them to corporate priorities," Claudine Mangano, an Intel official, told Bloomberg. »read more
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