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Chips are down for Intel's CEO

Chips are down for Intel's CEO
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The head of the computer chip giant Intel is to retire next year.

Paul Ottelini has been CEO since 2005.

The company that dominates personal computers has been struggling recently, mainly due to the consumer’s new love-affair with smart-phones and tablets, technology where Britain’s ARM Holdings is king.

Intel, which is known for finding chief execs from within the company, said they would also consider external candidates.