Intel has said it expects sales of its computer chips to be flat this year, as it continues to deal with a sharp decline in PC sales.
The company posted revenue of $12.8 billion for the second quarter of the year, 5% lower than in the same period of last year.
Net income for the same period was $2 billion – 29% lower than in 2012.
Intel has been badly affected by a downturn in the sale of traditional PCs, as customers switch to laptops, tablets and “ultra-mobile” laptops.
Far from its traditional position of dominance Intel is a relatively minor player in the mobile processor space, an area dominated by US rival Qualcomm.
Intel’s new CEO Brian Krzanich accepted that the company has been slow to respond to these trends, but said they were now moving faster to develop its low-powered Atom line.
Its chief financial officer Stacy Smith said that Mr Krzanich had been meeting with mobile manufacturing customers, which had already led to new mobile business.
One example of this was a decision by Samsung to use an Intel chip in one of its new tablets, the 10” Galaxy Tab 3, instead of relying on an ARM-based processor as before.
