Qualcomm executive denies reports that it will abandon its data center business

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Qualcomm, the largest mobile phone chip-maker, has no plans to abandon the data center processors unit it launched last year, according to the company's president.

This new push put it in direct competition with Intel Corp, an industry behemoth that draws half of its revenue from "data centric" chips; Bloomberg recently reported Qualcomm was evaluating its decision to get into data chips.

"We are not selling. We are still focused on it," the president said, explaining that the server chip unit will be rolled into the unit that designs and sells chips for mobile phones for cost efficiency.

The company declined to say whether it had considered doing so in the past.

Qualcomm Inc has no plans to abandon its efforts to create processors for data centers, the company's president, who oversees the chip division, said.

Qualcomm, the largest maker of chips in mobile phones, last year launched chips that use technology from Softbank Group Corp's ARM Holdings to power the workhorse computer servers behind cloud-based services such as social networks.See the rest of the story at Business InsiderSee Also:A dentist shares 5 at-home teeth whitening products actually worth buyingWhen the founders of dating app Coffee Meets Bagel turned down Mark Cuban's 30 million offer on 'Shark Tank' 3 years ago, they got dozens of emails calling them 'crazy,' 'greedy,' and 'stupid' but they still aren't sorryZTE Chairman apologizes, promises to shake up leadership and pay the US a 1 billion fine