Intel cuts Atom chips, basically giving up on the smartphone and tablet marketsIntel could be on the verge of exiting the market for smartphones and standalone tablets, wasting billions of dollars it spent trying to expand in those markets. The company is immediately canceling Atom chips, code-named Sofia and Broxton, for mobile devices, an Intel spokeswoman confirmed. These are the first products on the chopping block as part of Intel’s plan to reshape operations after anno
