Intel Corp. (NASDAQ:INTC): Intel has officially launched its 22nm Bay Trail chips, which will be marketed under the Atom brand. Intel is promising up to two times the CPU performance over its predecessor and a threefold GPU performance boost over the current-generation Clover Trail, but without detriment to the device’s battery life. The Z3000 chips will appear in 7- to 11-inch devices that run Windows 8.1 or Android and that will cost as little as $199.
Qualcomm Inc. (NASDAQ:QCOM): Qualcomm has announced a $5 billion share buyback program, effectively replacing a similar plan announced in March. About $1.04 billion was spent on buybacks during the June quarter, and the company has now revealed that it spent another $2.7 billion to repurchase 40.1 million shares since July 24. CEO Paul Jacobs added that Qualcomm will “further discuss capital allocation” at its November analyst day, Seeking Alpha reports.
ARM Holdings (NASDAQ:ARMH): RBC Capital has increased its price target to $56 from $52 on ARM Holdings after Apple (NASDAQ:AAPL) disclosed that its iPhone 5S would utilize ARM chips. The firm thinks Apple could add ARM’s chips to its computer products, and it keeps an Outperform rating on ARM Holdings shares.