Headlines

Headlines

Intel says Maloney appointed as China chairman

China set to become the largest PC market for Intel.

May 24 (Reuters) - Intel Corp said on Tuesday that it has appointed Sean Maloney as China chairman to accelerate growth in the world's second-largest economy, set to become the largest PC market for the global chip giant. Maloney, who was Intel's executive vice-president, would take up the job immediately, said Asia-Pacific spokesman Nick Jacobs. "We are creating this position, chairman of Intel China, and Sean will report directly to our CEO," Jacobs told Reuters. Intel's move underscores the importance of China, which is expected to be the single largest PC market for the company next year. "This reflects our focus on the China market," Jacobs said. "Sean brings a very extensive track record of strategic leadership and global management expertise, so we expect this will accelerate Intel's progress in China." (Reporting by Alison Leung; Editing by Chris Lewis) Source: Reuters.com -- http://www.reuters.com/article/2011/05/24/intel-china-idUSL3E7GO1AJ20110524