The growth of the internet will continue to increase productivity and drive new forms of communications and products, even though vendors may be experiencing slower demand for PCs, according to Intel's chief executive.
Kicking off the Intel Developer Forum in San Jose this week, Craig Barrett said that Europe has overtaken the US in internet usage because of its high use of mobile communications, and that the web in Asia and Japan is growing at 45 per cent and 62 per cent, respectively.
"Even though we're at a slowdown today, as you look forward, the build-out of the internet - the building of this digital world - is really in its infancy," he said. "New products and industry innovation will drive us out of the recession."
He claimed that Intel would help by providing faster chips for handheld computers, web-enabled mobile phones and PCs. Also, despite the "rollercoaster ride" of the US economy, Intel will continue to invest, spending $7.5bn on capital equipment and $4.3bn on research and development in the coming year, he said.
Barrett added that the company intends to release 35 new silicon products this year in the area of networking alone. "The slowdowns are going to end, and you need to prepare for the upswing," he explained.
He also described the IA-32 chip architecture and the Intel Personal Internet Client Architecture as the company's primary solutions for client-based wired and wireless computing. "This year we will begin producing 300 millimetre wafers, introduce copper metalisation, and ramp up 0.13-micron technology," he said.
During Barrett's speech, Jim Allchin, group vice president in charge of platform products at Microsoft, demonstrated the software giant's Windows XP operating system running on a Pentium 4-based PC.
Three applications, a software code compiler, a computer game, and a stream of digital video were shown running simultaneously.
EE, O2, Vodafone, Three and Airspan open the bidding
Worried about data privacy? Here are several ways to secure your Facebook account
The ICO is seeking an urgent warrant to investigate a major data breach - everything you need to know as the story continues to unfold