Intel Corporation (NASDAQ:INTC) Faces Intense Competition from ARM in the Chip Market - LDK, CY, MXIM

Pompano Beach, FL -- (SBWIRE) -- 01/10/2013 -- Intel Corporation (NASDAQ:INTC) just manufactures incremental smartphone chip developments, whereas Nvidia and Qualcomm made power and performance enhancements on ARM chips.

It is been a year since the debut of the first Intel Inside phone, but their attempts to break into the smartphone market continue as competitors Nvidia and Qualcomm enhanced speed and power efficiency of ARM chips, which govern that market.

Should INTC a Buy or Sell Now? Find Out Here

Intel at the International CES show this week disclosed a latest reference design based on its Atom Z2420 chip for economical smartphones.

Businesses including Acer, Lava International and Safaricom will support the chip, which is a slower alternate of the original Medfield chip released previous year.

Intel Corporation (NASDAQ:INTC) shares so far in this session gained +1.34% to $21.73 with the Stock being traded within the range of $21.53 – $21.75. In the past year, it has not traded below $19.23 and was unable to surpass $29.27. The current session’s volume of 21.47 million shares is down from the average daily trading volume of 41.61 million shares.

Will INTC Continue To Move Higher? Find Out Here

Turning to some other stocks within industry, LDK Solar Co., Ltd, Cypress Semiconductor Corporation and Maxim Integrated Products Inc. are in the decliners list. Below in this article, we will have a quick look on their Market performance.

So far in the ongoing trade, LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares are down -0.90% to $2.19 while the stock has traded within the range of $2.12 – $2.28. In the last 52-week period, shares changed hands between $0.71 and $6.92. The current session’s volume of 1.84 million shares is lower than their average daily trading volume of 2.95 million shares.

Why Should Investors Buy LDK After the Recent Fall? Just Go Here and Find Out

Cypress Semiconductor Corporation (NASDAQ:CY) shares in the current session moved down -0.91% reaching at $9.85. The stock traded in a range of $9.82 – $10.05. In the last year the stock has moved within a range of $8.70 – $19.25. The current session’s volume of 1.62 million shares is lower from their average daily trading volume of 2.38 million shares.

Will CY Get Buyers Even After The Recent Rally? Find Out Here

Another rival company, Maxim Integrated Products Inc. (NASDAQ:MXIM) is at a discount of -0.84% to $29.61. In today’s trading so far, the stock price was found in a range of $29.52 and $30.10. In the previous 52 weeks the stock’s price ranged between $23.55 and $30.83. The current session’s volume of 1.48 million shares was lower from their average daily trading volume of 2.49 million shares.

Has MXIM Found The Bottom and Ready To Move Up? Find Out Here

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