Intel will delay the launch of chips designed for big-screen televisions, according to a story Monday in

The Financial Times


At the Consumer Electronics Show this January, Intel had

outlined plans to develop chips based on a technology called liquid crystal on silicon, or LCOS, which it said would help cut the cost of big-screen high-definition television sets to less than $2,000 by 2005.

However, today's

Financial Times

report said Intel chose to delay the launch until it can more clearly differentiate its technology from that offered by competitors such as

Texas Instruments

(TXN) - Get Report

, which has had considerable success with its line of digital light processors.

An Intel representative was not immediately available to comment.

The move is the latest in a series of stumbles by the Santa Clara-based leading global chipmaker. Just last month, Chief Executive Craig Barrett dispatched a companywide email asking employees to focus on righting delays and manufacturing problems.

In late July Intel said it would

miss a deadline for shipping its 4-gigahertz version of the Pentium 4 by one quarter. Also last month the company said its new mobile chipset, code-named Alviso, will be

delayed one quarter. In June, it was forced to recall its Grantsdale chipset due to manufacturing glitches, resulting in a $38 million charge to second-quarter earnings.

Also, earlier in the year, the chipmaker delayed Dothan, its Pentium M notebook processor, by one quarter.

So far, analysts have mostly shrugged off the missteps as one-time occurrences but the accretion of screw-ups certainly can't help sentiment on Intel's beleaguered shares, which have lost a third of their value year-to-date as of Friday's close.

In Monday trading shares appeared unaffected by the news, however, gaining 20 cents, or 0.9%, to $21.76.