Daily Archives: March 21, 2011

Chris Nuttall

The head of Intel’s Ultra Mobility Group abruptly quit on Monday, dealing another blow to the chipmaker’s attempts to penetrate the cellphone market. Anand Chandrasekher, a 24-year veteran who was leading that assault as senior vice president and general manager, announced he was leaving Intel “to pursue other interests”. 

Tech news from around the web:

  • Bulging corporate balance sheets – and a growing reluctance among traditional venture investors such as state pension funds to dabble in risky investments -  means that big companies are getting back into venture financing, SilliconValley reports, with nearly 9 per cent of all capital being committed to start-ups last year coming from the corporate sector.