Amid the unveiling of Intel's (INTC) - Get Intel Corporation Report new PC chip, TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer said the company is making a concerted effort against Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report and Nvidia (NVDA) - Get NVIDIA Corporation Report with its acquisition of Mobileye.
Here's what Intel CEO Brian Krzanich recently told TheStreet about the current competitive environment:
"We absolutely see the competition. It's continuing. ARM Holdings (ARMH) has been a competitor, Qualcomm (QCOM) - Get Qualcomm Inc Report has always been a competitor. You can argue there's some better ones now. I think it will always get better and more intense. We don't take that competition without our typical paranoia and focus to make sure we continue to drive our performance. Rather than focus on just purely the CPU performance, which we absolutely have a focus on and will be and remain the leader, we're actually thinking of the whole data center rack now. We're really building out a rack so that if someone wants to come compete with us, you really have to compete in all those segments."
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