Intel said it would consider both internal and external candidates for the position and that the “leadership transition” will last six months. Otellini is leaving ahead of Intel’s mandatory retiring age for its chief executives. The firm, whose processors are dominant in personal computers, has been slow to expand into the fast-growing mobile industry, where Apple’s iPads and iPhones and other popular mobile devices use competing technology from Cambridge-based ARM Holdings.
“I’ve been privileged to lead one of the world’s greatest companies,” Otellini said.
“It’s time to move on and transfer Intel’s helm to a new generation of leadership.”