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May 25, 2011

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Maloney named Intel China's chief

INTEL Corp yesterday announced the appointment of Executive Vice President Sean Maloney as chairman of Intel China, a newly created position that signifies the importance of the domestic market to the world's biggest computer chip maker.

Maloney, 54, will move to Beijing and be responsible for Intel's strategy in China.

Maloney was widely regarded as a top candidate to succeed Intel Chief Executive Paul Otellini before he suffered a stroke in March last year. He returned to work in January.

"In the 12th Five-Year Plan period (until 2015), information technology will become a key factor in boosting economic development and structural upgrading. This will bring huge opportunities, including in software, chips and PC, for concerned companies," the United States-based research firm International Data Corp said in a recent note.

China will become the world's biggest personal-computer market next year, according to Intel, which provides 80 percent of global chips in computers.

Intel's newly-launched chip is expected to be adopted by at least 35 devices made by various companies, including the Lenovo Group and Fujitsu Ltd. The new Atom processor, code-named Oak Trail, features a longer battery life, high definition video performance, multi-tasking functions and plays Flash videos.

Intel aims to penetrate the booming mobile Internet market, which is globally dominated by ARM Holdings Plc and Apple Inc. China is a key battlefield for Intel because it's the world's biggest mobile phone market and will soon be the No. 1 PC market, analysts said.

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