Intel Corporation (NASDAQ:INTC) will hold an investor day next Wednesday in London. the company is expected to detail its plans and hopes for the next year at the conference, but there is sure to be a concentration on mobile. Analysts from Citigroup Inc. (NYSE:C) think that one of the major reveals will be the company’s next generation mobile chip architecture.
Intel Corporation (NASDAQ:INTC) has been reinforcing its commitment to developing the best mobile processors for some months, and its new CEO Brian Krzanich, has added a real emphasis to developments in the area. On Wednesday, it is expected that the company’s executives will talk about the advantages of the firm’s upcoming mobile processors over competitors.
Intel revealed its new Silvermont architecture mobile chips earlier in May, and the reaction from the markets was mixed. The company has promised vast improvements in mobile technology regularly in recent years, yet it hasn’t really managed to demonstrate an ability to break into the market. The Citigroup Inc. (NYSE:C) analysts think that next Wednesday’s conference may shed some light on the company’s new chips.
A demonstration of the chips and a discussion of their architecture is expected to come from Hermann Eul, Vice President of the Intel Corporation (NASDAQ:INTC) Mobile and Communications Group. The analysts are looking for a discussion of the benefits of Intel’s proprietary Tri-Gate architecture in tablet and other mobile chip sets.
Other things that the Citigroup Inc. (NYSE:C) analysts think that Intel Corporation is likely to cover at the event include the firm’s upcoming Haswell chips, an update on the company’s campaign to update its foundries in order to make way for more advanced chip fabrication technologies, and a discussion on the ways that Intel Corporation (NASDAQ:INTC) sees itself changing in the coming years as the PC market declines.
The Citigroup Inc. (NYSE:C) analysts keep their price target for $24 on Intel Corporation (NASDAQ:INTC) shares. There is some skepticism about Intel’s ability to break into the mobile market quickly enough to stem losses from falling PC sales. The company has been saved from that problem because of the increased volume in its data center business, but that trend may not eclipse falling PC movements forever.
On today’s market, Intel Corporation (NASDAQ:INTC) shares trended up a fraction to sit at $24.12 at time of writing. So far in 2013, shares in the processor manufacturer are up 17 percent.