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Published: 5 May 1999 18:05 BST
The microprocessor market has one less player today after National Semiconductor (NatSemi) pulled the plug on its PC processor business.
NatSemi said it was proving a financial burden and the company would now turn its full attention to the emerging information appliance market.
The company will take a one time charge of between $250 and $350m as a result of the move.
In a prepared statement NatSemi's CEO, Brian Halla, said: "We will immediately cease slugging it out in the PC processor market, which as been dragging down our financial performance for several quarters."
The move will result in 550 job losses.
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