In a ruling issued Thursday, the European Union's General Court rejected Intel's appeal of a EUR1.06 billion (US$1.44 billion) penalty for antitrust violations. Instead, the EU General Court upheld the record-breaking penalty against the US computer chip giant, which had been issued in 2009 by the EU Commission.

Intel is in the process of buying smartwatch startup Basis, as part of the tech giant's new focus on wearables and the Internet of Things.

Intel is expecting its next Atom tablet chip, code-named Cherry Trail, to be in devices by the end of 2014, the company said this week.

For years, Intel has been battling to replace ARM-based chips used in smartphones and other mobile devices. Now it has partly succumbed to the low-power ARM approach.

Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year.

Intel said it will delay opening a new factory in Arizona amid a slump in demand for PC microprocessors, its main source of revenue.

Marvell Technology might be the next big client for Intel's contract manufacturing operations, said Citigroup's chip analyst Glen Yeung.

Intel will add support for DDR4 memory to its high-end computers in the third quarter of 2014, sources familiar with the company's plans said.

Qualcomm will take a wait and see approach before turning to Intel's expanding foundry operation to manufacture its chips, Qualcomm CEO Paul Jacobs said Wednesday.

"If we can use our silicon to provide the best computing, we'll do it," Intel CEO Brian Krzanich said. "You will see us focusing on a much broader set of customers."