Intel Corp. on Monday unveiled a new line of computer chips as part of the tech giant's efforts to gain traction in the fast-growing mobile sector. The Silicon Valley giant said its new, low-power, high-performance Silvermont chip design could be used in segments ranging from smartphones to the data center. "Silvermont will be the foundation for a range of innovative products beginning to come to market later this year," Intel said in a statement.

Companies providing gadgets, components, services and related software have begun releasing their earnings reports for the latest quarter. The reports come as consumers shift their spending toward phone and tablets and away from traditional PCs. Here's a look at how selected companies are faring.

Silicon Valley giant Intel Corp. named Brian Krzanich as its new chief executive officer Thursday to succeed Paul Otellini. Krzanich, who has been chief operating officer since January 2012, will assume the role at the company's annual stockholders' meeting May 16. The move comes with Intel, the world's biggest maker of chips for personal computers, struggling to keep up with a shift to mobile devices such as tablets. Intel's big push for "ultrabooks," the thin PCs that are competing with tablets, has been a major disappointment.

By Neha Alawadhi (Reuters) - Hard disk drive maker Western Digital Corp forecast current-quarter revenue largely above analysts' expectations as higher demand for internet storage more than offsets the effects of a fall in personal computer sales. The company forecast fourth-quarter earnings of $1.65 (1.08 pounds) to $1.80 per share on revenue of $3.55 billion to $3.65 billion. Analysts on average were expecting earnings of $1.74 per share on revenue of $3.58 billion, according to Thomson Reuters I/B/E/S.