Intel taps former Qualcomm exec to run PC, IOT and software businesses

21 Nov 2015 | Author: | No comments yet »

Surprise! Intel Names Qualcomm’s Renduchintala to Run Mobile; Old Colleagues Now Rivals.

In an intriguing turn of affairs, Intel (INTC) a short while ago announced that Venkata ‘Murthy’ Renduchintala, a luminary at Qualcomm (QCOM) in chips, has been hired by Intel to run the company’s newly created division for “Client and Internet of Things (IoT) Businesses and Systems Architecture Group.” Renduchintala’s appointment follows Qualcomm’s announcement yesterday that Cristiano Amon, who worked side by side with Renduchintala, was named to run the Qualcomm “chipset business,” or QCT, after the two had served together in a collaborative fashion running the business. The naming of Renduchintala will obviously add to speculation floating on the Street that Intel is making an extra-special effort to get business form Apple (AAPL) for forthcoming iPhones. We made the decision to enhance the operation of QCT by having a single decision maker who has an exceptional track record of executing and has the confidence of the team and our customers.

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