Intel CEO to retire as chipmaker struggles with mobile

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Paul Otellini, president and CEO of Intel Corporation, holds an ultrabook as he gives a keynote address during the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada, in this January 10, 2012, file photo. Intel Corp. said on November 19, 2012, that Chief Executive Officer Paul Ottelini would retire in May, stepping down from the world's leading chipmaker at time when it is grappling with weak PC demand as the industry shifts towards mobile computing. REUTERS/Steve Marcus/Files