Intel cancels smartphone development

Intel hasn’t been having a great time lately.

The company continues its downward trend, having recently announced weaker earnings than previously anticipated this quarter.

It also plans to axe over 11% of its current workforce as it refocuses towards the more lucrative server market.

This change of focus also means that Intel will no longer be developing SoC (System on a Chip), cancelling their forthcoming Broxton and SoFIA products and leaving the smartphone market for the time being.

Intel’s full statement (given to Anandtech):

Intel is accelerating its transformation from a PC company to one that powers the cloud and billions of smart, connected computing devices.

We will intensify our investments to fuel the virtuous cycle of growth in the data center, IoT, memory and FPGA businesses, and to drive more profitable mobile and PC businesses.

Intel delivers a broad range of computing and connectivity technologies that are foundational to this strategy and that position us well to lead the end-to-end transition to 5G.

Our connectivity strategy includes increased investment in wired and wireless communications technology for connecting all things, devices and people to the cloud, and to power the communications infrastructure behind it. We re-evaluated projects to better align to this strategy.