Intel to Begin Core "Haswell" Production in Q4

Despite a modest outlook for the PC industry looking into 2013, Intel plans to begin production of its 4th generation Core processors, codenamed "Haswell," on schedule, in Q4-2012. In the run up to Q4, Intel has taken stepped down production to prevent swelling of inventories. A little earlier this week, the company declared good Q3 results, turning $13.5 billion in gross revenue, and $3 billion in net income. In its press-release, CEO Paul Otellini acknowledged a increasingly tough environment was taking shape for the industry. "Our third-quarter results reflected a continuing tough economic environment," he said.