Intel CFO eyes more connected living rooms

NEW YORK: New markets including home entertainment will be major sources of growth for Intel Corp as more gadgets become connected to the Internet and drive demand for powerful datacentres, the top chipmaker’s chief financial officer said.

While Intel is eager to sell processors for smartphones, set-top boxes and other connected devices, in many cases the much more expensive chips for servers that are needed to stream movies and other content are a bigger business opportunity, CFO Stacy Smith told the Reuters Media and Technology Summit in New York.