The purchase of a wireless chipmaker has shown Intel Corp. (NASDAQ:INTC)’s intent in the market, however ARM is not just going to give up without a fight.

ARM And Intel Corp. (NASDAQ:INTC) Set To Face Off

Intel Corp. (NASDAQ:INTC) has just made a $1.4 billion statement about its willingness to expand beyond the PC chip market.

According to Jon Erensen, an analyst at the market-research firm Gartner, “Intel is going all-in on wireless.”

So far though, chips designed by ARM Holdings PLC have a tight hold on the mobile phone processor market.

View the full INTC chart at Wikinvest

Intel Corp. Stock Info

As of 8/30/2010 (Last trade – 4:00pm), the Intel Corp. (NASDAQ:INTC) company shares are sitting at 17.96.

Over the past three months there has been a -14.2% change in the Intel Corp. (NASDAQ:INTC) stock price.

We will continue checking the Intel Corp. (NASDAQ:INTC) share price for developments over the next couple of weeks.

Intel Corp. (NASDAQ:INTC)

Intel is the world’s largest semiconductor chip maker with its microprocessors, motherboards, and wireless products becoming the leading choice for computers, gadgets and technological goods.