Intel chief executive to retire

Mr Otellini joined Intel in 1974 Continue reading the main storyRelated StoriesSales and profits fall at Intel Intel has announced that its chief executive Paul Otellini is going to retire from the company.

Mr Otellini had been with the business, which is the world's biggest maker of microprocessors, for almost 40 years and has been chief executive for the past eight years.

He will step down after the chip company's annual shareholders' meeting in May next year.

Mr Otellini was the fifth chief executive in Intel's 45-year history.

"I've been privileged to lead one of the world's greatest companies," he said in a statement.

"After almost four decades with the company and eight years as CEO, it's time to move on and transfer Intel's helm to a new generation of leadership."

The company will now begin the process of looking for his successor.

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Apple to move Macs away from Intel chips?

The rumor shows up once every year or so, and it is back again.Sources are claiming that Apple is looking to move Macs away from their current Intel chips to be replaced with proprietary ARM processor designs just like those used in iOS devices like the iPhone and iPad.

The report claims that engineers within Apple are confident that A-series designs will power future Macs, including the popular Macbook Pro and Macbook Air models. The most recent design is the A6X, seen in the fourth-generation iPad and featuring an efficient and powerful dual-core processor.

That being said, the sources claim the move will not be made in the "next few years" due to contracts with Intel, but the shift is "inevitable" as devices like the iPad "blur" the lines between mobile and desktop computing.

Apple CEO Tim Cook did note earlier this year that ARM chips for Macs was a possibility into the future, without saying much else.

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